Ανάρτηση Ερευνητικών Δοκιμίων no 13/24 και no 14/24

Ερευνητικό Δοκίμιο no 13/24 με τίτλο "Pareto, Edgeworth, Walras, Shapley' Equivalence in a Small Economy" 

του Άγγελου Αγγελόπουλου

Περίληψη

Heretofore, equivalence among allocative general equilibria, which may be viable without coalitions or may be classi ed as cooperative, and which may be supportable by prices or not, has profoundly been a privilege of economies with large populations. This paper shows that, with agents convex preferences, the same type of- even more powerful- bonds or coincidences can be yielded in economies with a small population scale, as long as the initial endowments allocation of the agents is (socially) e cient.

Ο Άγγελος Αγγελόπουλος είναι Εντεταλμένος Διδάσκοντας στο τμήμα Οικονομικής Επιστήμης του Οικονομικού Πανεπιστημίου Αθηνών

Ερευνητικό Δοκίμιο no 14/24 με τίτλο "Stimulating Long-Term Growth and Welfare in the U.S."

των James Malley και Αποστόλη Φιλιππόπουλου

Περίληψη

We build upon the baseline Romer-Jomes endogenous growth model to quantify how permanent structural policy changes that enhance the Öscal policy mix, marketsí functioning, and public institutionsí quality a§ect long-term growth and welfare. The reforms include increased public investment, reduced market power through lower price markups for patents and intermediate goods, and an improved institutional framework that reduces rent-seeking. All reforms, except lower patent prices, lead to per-capita output and welfare gains along the transition and balanced growth paths. In contrast, a lower markup in the research sector hurts innovation, leading to lower growth over both paths and welfare losses along the transition. Thus, jointly with more competitive product markets that use these blueprints or ideas, patent protection can be growth- and welfare-enhancing.

O James Malley είναι Professor στο Αdam Smith Business School του University of Glasgow και ερευνητικός εταίρος του CESifo στο Μόναχο. 
O  Αποστόλης Φιλιππόπουλος είναι Ομότιμος Καθηγητής του τμήματος Οικονομικής Επιστήμης του Οικονομικού Πανεπιστημίου Αθηνών, ερευνητικός εταίρος του CESifo στο Μόναχο και ερευντικός εταίρος του Ηellenic Observatory στο London School of Economics and Political Science.