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Outputs (3)

Self-fulfilling prophecies in the quality ladders economy (2007)
Journal Article
Cozzi, G. (2007). Self-fulfilling prophecies in the quality ladders economy. Journal of Development Economics, 84(1), 445-464. https://doi.org/10.1016/j.jdeveco.2005.12.004

If R&D difficulty increases as it accumulates, as recent evidence suggests, then there is a value in the diversification of the aggregate R&D efforts over the whole range of industries in the economy. However, this paper proves that the quality ladde... Read More about Self-fulfilling prophecies in the quality ladders economy.

The refoundation of the symmetric equilibrium in Schumpeterian growth models (2007)
Journal Article
Cozzi, G., Giordani, P., & Zamparelli, L. (2007). The refoundation of the symmetric equilibrium in Schumpeterian growth models. Journal of Economic Theory, 136(1), 788-797. https://doi.org/10.1016/j.jet.2006.10.006

We provide a refoundation of the symmetric growth equilibrium characterizing the research sector of vertical R&D-driven growth models. We argue that the usual assumptions made in this class of models leave the agents indifferent as to where targeting... Read More about The refoundation of the symmetric equilibrium in Schumpeterian growth models.