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Thierry Magnac
7 février 2014
Nicolas Treich
Augustin Landier
6 février 2014
Roberta Dessi et Nina Yin
5 février 2014, révision 21 octobre 2014
This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the entrepreneur's innovative knowledge to other portfolio...
Philippe Bontems et Estelle Gozlan
n° 14-468, 5 février 2014
In this paper, we address two questions: (i) how should a government pursuing both environmental and redistributive objectives design domestic taxes when redistribution is costly, and (ii) how does trade liberalization affect this optimal tax system, and modify the economy's levels of pollution and...
5 février 2014
Lukas Buchheim et Robert Ulbricht
n° 14-464, 1 février 2014, révision octobre 2018
We develop a quantitative theory of repeated political transitions driven by revolts and reforms. In the model, the beliefs of disenfranchised citizens play a key role in determining revolutionary pressure, which in interaction with preemptive reforms determines regime dynamics. We estimate the...
Daron Acemoglu et Ufuk Akcigit
1 février 2014
This paper argues that openness to new, unconventional and disruptive ideas has a Örstorder impact on creative innovationsó innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation, and on...
Stéphane Straub
