Search for: "Francesco Fang"
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25 Jul 2018, 11:19 am
" The relationship between innovation and inequality is a growing area of scholarly interest (see, e.g., the interesting work by Raj Chetty et al.), and this is an important contribution to the field.Hugo Hopenhayn & Francesco Squintani, On the Direction of Innovation – Using a theoretical model and plausible assumptions, they show that "the competitive market allocates excessive innovative efforts into high returns areas. [read post]