This paper examines the interactions between economic activity and consumption externalities in an overlapping generations model. Existence of multiple steady states
is studied from a global point of view, and possible mechanisms producing cycles and chaotic behavior are analyzed. Wealth-sensitive positionality is found to be able to generate persistent endogenous fluctuations, whereas wealth-neutral positionality doesn’t. Continue reading Wealth-sensitive positional competition as a source of dynamic complexity in OLG models
Tag Archives: Sustainability
Culture 3.0: A new perspective for the EU 2014-2020 structural funds programming
In spite of the multiplication of successful examples of culture-led local and regional development across Europe and elsewhere (e.g. Sacco et al., 2008, 2009), there is a widespread perception that the role and potential of culture in the overall European long-term competitiveness strategy is still seriously underrecognized (CSES, 2010). This reflects in the difficulty to bring cultural policy issues at the top ranks of the broader policy agenda, and consequently explains why the share of structural funds devoted to culture badly fails to match the share of cultural and creative sectors in total EU value added. Continue reading Culture 3.0: A new perspective for the EU 2014-2020 structural funds programming
The Social Viability of Culture-led Urban Transformation Processes: Evidence from the Bicocca District, Milan
This paper investigates the relationships between cultural activities/investments and urban transformation processes, with reference to the transformation of the Bicocca district in the metropolitan core of Milan. Continue reading The Social Viability of Culture-led Urban Transformation Processes: Evidence from the Bicocca District, Milan
Social preferences and private provision of public goods: A ‘double critical mass’ model
We set up an evolutionary game-theoretic model aimed at addressing the issue of local public good provision via direct commitment of voluntary forces (private donors and
nonprofit providers) only. Continue reading Social preferences and private provision of public goods: A ‘double critical mass’ model
The “Art City” as a local public good: the strategic interplay between private donors and arts organization
In this paper we set up a simple evolutionary game-theoretic model aimed at addressing the issue of ‘art cities’ promotion and preservation over time via simultaneous commitment of nonprofit actors such as private donors and arts organizations. Continue reading The “Art City” as a local public good: the strategic interplay between private donors and arts organization
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