?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F2219%2F&rft.title=Technology%2C+entrepreneurship+and+inequality%3A+an+interpretative+model&rft.creator=Gambardella%2C+Alfonso&rft.creator=Ticchi%2C+Davide&rft.subject=HB+Economic+Theory&rft.description=This+paper+purports+to+explain+some+recent+trends+in+several+advanced+economies.+Our+model+shows+that+the+rise+of+new+scientific+and+technological+opportunities%2C+and+particularly+the+opportunities+to+develop+riskier+technological+projects%2C+is+at+the+basis+of+the+blossoming+of+small-medium+sized+high-tech+companies+in+several+regions+of+the+world.+This+phenomenon%2C+which+has+been+widely+documented%2C+and+has+given+rise+to+several+remarks+about+the+growth+and+employment+opportunities+of+%22Silicon+Valley%22+models+of+industrial+activities+and+employment%2C+is+contrasted+with+an+economy+based+on+more+stable+employment+conditions+in+large+firms.+Our+key+result+is+that+both+an+economy+based+on+large+firms+and+one+based+on+high-tech+smaller+enterprises+lead+to+higher+expected+incomes.+But+while+the+former+implies+lower+inequality+in+the+sense+of+lower+variance+of+incomes%2C+the+latter+implies+both+higher+permanent+and+transitory+inequality.+This+is+consistent+with+some+recent+empirical+findings+about+the+increase+in+the+variance+of+incomes+in+the+US+and+the+UK.&rft.publisher=LEM+Working+Paper+Series&rft.date=1999-11&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.identifier=++Gambardella%2C+Alfonso+and+Ticchi%2C+Davide++Technology%2C+entrepreneurship+and+inequality%3A+an+interpretative+model.++Working+Paper++%2311%2F1999++++LEM+Working+Paper+Series++++ISSN+2284-0400.++++(Unpublished)+++