| dc.contributor.author | Olsson, Ola | swe |
| dc.date.accessioned | 2006-12-14 | swe |
| dc.date.accessioned | 2007-02-09T11:15:45Z | |
| dc.date.available | 2007-02-09T11:15:45Z | |
| dc.date.issued | 2003 | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2804 | |
| dc.description.abstract | This article tries to explain the exceptional levels of knowledge creation in certain industrial clusters, levels that are seemingly higher than what is implied by the usual models of atomistic agents who do not internalize externalities. For this purpose, we
introduce reference-dependent utility into an OLG model of an industrial cluster where agents allocate resources between consumption and knowledge investments and where the latter spills
over to the rest of the cluster. It is shown that if the agents in the
cluster have altruistic preferences, they will internalize the externalities
from knowledge investments and create more knowledge than if they were atomistic or considered their neighbors to be rivals. | swe |
| dc.format.extent | 15 pages | swe |
| dc.format.extent | 240748 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 87 | swe |
| dc.subject | industrial cluster; reference-dependent utility;
knowledge spillovers; relative consumption | swe |
| dc.title | Reference-Dependent Utility
in an Industrial Cluster | swe |
| dc.type.svep | Report | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.gup.epcid | 2515 | swe |
| dc.subject.svep | Economics | swe |
