Endogenous growth and research activity under private information

Borradores de Economia
Número: 
845
Publicado: 
Clasificación JEL: 
D82
Palabras clave: 
Adverse Selection, Innovation, Endogenous Growth
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We study endogenous growth within a model with occupational choice in which innovators produce ideas, within an asymmetric information framework. Each innovator has private knowledge of their production costs. Developers offer innovators non-linear contra