A Model of Growth Through Creative Destruction
This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old techno...
This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old techno...
Book description: Oliver Williamson is one of the most important industrial economists of our time. He has made a major contribution to economic scholarship and remains at the f...
This paper analyses the effects of growth on long-run unemployment using a search model of equilibrium unemployment where growth arises explicitly from the introduction of new t...
We analyze incomplete long-term financial contracts between an entrepreneur with no initial wealth and a wealthy investor. Both agents have potentially conflicting objectives si...
h-index: Number of publications with at least h citations each.