Browsing by Author "Peretto, PF"
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Corporate taxes, growth and welfare in a Schumpeterian economy
Peretto, PF (Journal of Economic Theory, 2007-11-01)I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory. I focus on the latest vintage of models that sterilize the scale effect through a process of product proliferation ... -
Cost reduction, entry, and the interdependence of market structure and economic growth.
Peretto, PF (1999)I study the joint determination of market structure and growth in an oligopolistic economy. Firms run in-house R&D programs to produce over time a continuous flow of cost-reducing innovations. In symmetric equilibrium, the ... -
Endogenous Growth and Property Rights over Renewable Resources
Suphaphiphat, N; Peretto, PF; Valente, S (2015)We study how different regimes of access rights to renewable natural resources – namely open access versus full property rights – affect sustainability, growth and welfare in the context of modern endogenous growth theory. ... -
Endogenous market structure and the growth and welfare effects of economic integration.
Peretto, PF (2003)This paper studies the growth and welfare effects of integration in a world economy populated by global oligopolists. In economies that move from autarky to trade, growth and welfare rise because exit of domestic firms is ... -
Financial Markets, Industry Dynamics, and Growth
Iacopetta, M; Minetti, R; Peretto, PF (Economic Research Initiatives at Duke (ERID), 2014-08-27)We study the impact of corporate governance frictions in an economy where growth is driven both by the foundation of new firms and by the in-house investment of incumbent firms. Firms' managers engage in tunneling and empire ... -
From Smith to Schumpeter: A theory of take-off and convergence to sustained growth
Peretto, PF (European Economic Review, 2015-08-01)© 2015 Elsevier B.V.This paper proposes a theory of the emergence of modern Schumpeterian growth that focuses on the within-industry forces that regulate the response of firms and entrepreneurs to Smithian market expansion ... -
Growth on a Finite Planet: Resources, Technology and Population in the Long Run
Peretto, PF; Valente, S (CER-ETH Working Paper, 2011-06-30)We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. There exists a pseudo-Malthusian equilibrium in which population is constant ...