Peter Funk
Biographic Data
| ID | 5731015 |
|---|---|
| NAME | Peter Funk |
| GIVEN NAMES | Peter |
| FAMILY NAME | Funk |
| SIGNATURE | FUNK P |
| AFFILIATIONS | University of Cologne |
| ORCID | 0000-0002-1455-4552 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 12 |
| WORKS AS AUTHOR | 4 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 1 |
Human Capital, Polarisation and Pareto-improving Activating Welfare
Human capital not only earns income but also is a source of direct felicity. The interaction between these two motives for effort can generate multiple stationary solutions for individual household optimisation. This multiplicity freezes any sufficiently unequal initial skill distribution and persistently segregates households into two separate groups: one rich and educated, one poor and uneducated. If public goods are to be financed, polarisatio…
Induced Innovation Revisited
This paper studies the joint evolution of factor prices, factor shares and the type of technical progress. Its main aim is to give a microeconomic foundation to the Hypothesis of Induced Innovation of the earlier literature, which assumes that the type of progress at any moment of time is chosen so as to maximize the current rate of output growth. An important conclusion of the Hypothesis of Induced Innovation is that in the long run factor–augme…
Status Effects and Negative Utility Growth
This paper explains the observed stagnation of ‘happiness' measures through a growth model in which agents care about conspicuous consumption. ‘Normal goods’ confer direct utility, while ‘status goods’ confer utility only at the expense of others. Firms can improve the quality of both goods through R&D. The Nash equilibrium of the consumer game results in the share of expenditure on status goods increasing with the number of times the status good…
Satiation and underdevelopment
Status Effects and Negative Utility Growth
This paper explains the observed stagnation of ‘happiness' measures through a growth model in which agents care about conspicuous consumption. ‘Normal goods’ confer direct utility, while ‘status goods’ confer utility only at the expense of others. Firms can improve the quality of both goods through R&D. The Nash equilibrium of the consumer game results in the share of expenditure on status goods increasing with the number of times the status good…
Satiation and underdevelopment
Status Effects and Negative Utility Growth
This paper explains the observed stagnation of ‘happiness' measures through a growth model in which agents care about conspicuous consumption. ‘Normal goods’ confer direct utility, while ‘status goods’ confer utility only at the expense of others. Firms can improve the quality of both goods through R&D. The Nash equilibrium of the consumer game results in the share of expenditure on status goods increasing with the number of times the status good…
Induced Innovation Revisited
This paper studies the joint evolution of factor prices, factor shares and the type of technical progress. Its main aim is to give a microeconomic foundation to the Hypothesis of Induced Innovation of the earlier literature, which assumes that the type of progress at any moment of time is chosen so as to maximize the current rate of output growth. An important conclusion of the Hypothesis of Induced Innovation is that in the long run factor–augme…
Human Capital, Polarisation and Pareto-improving Activating Welfare
Human capital not only earns income but also is a source of direct felicity. The interaction between these two motives for effort can generate multiple stationary solutions for individual household optimisation. This multiplicity freezes any sufficiently unequal initial skill distribution and persistently segregates households into two separate groups: one rich and educated, one poor and uneducated. If public goods are to be financed, polarisatio…
Economics (4 works) · Fiscal Policy and Economic Growth (4 works) · Economic Growth and Productivity (2 works) · Economic theories and models (2 works) · Macroeconomics (2 works) · Microeconomics (2 works) · Computer Science (1 work) · Conspicuous consumption (1 work) · Consumption (sociology (1 work) · Development economics (1 work)