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Fondation HEC Montréal seminar

Growth and insecure private property of capital

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Sep 17, 2018   11:45 AM — 01:00 PM

Bertrand Crettez Université de Paris 2, France

This paper revisits Strulik's model of growth with insecure property rights. In this model different social groups devote some effort to control a share of the capital stock. We show that a slight variation in the modeling of strategic interactions results in the coexistence of savings and efforts to control a share of the capital stock. We also study the effects of a change in the number of social groups, on growth. We also show that an increase in social fractionalization may lead to less effort devoted to control capital and to a higher growth rate.


Free entrance.
Welcome to everyone!

Georges Zaccour organizer

Location

Room 4488
André-Aisenstadt Building
Université de Montréal Campus
2920, chemin de la Tour Montréal QC H3T 1J4 Canada

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