Bennett, John (contributor); Estrin, Saul (contributor) - 2006
developed economies, such technology is not common
knowledge. Rather, the transfer of technology to new economic and … cost k at t =1, the value of θ becomes common
knowledge at t =2. In conjunction with the other parameter values, θ … parameters in the model
are common knowledge. The total number of firms in the industry at t is denoted
by n
t
,andβ is a …