Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2006
with greater demand and more firms, training by each firm increases, provided the two markets are initially sufficiently … integrated, that is, replaced by a market with
greater demand and more firms, training by each firm increases, provided the two …) hold and hence the training equilibrium
exists. Then W
T
I
≥ W
NT
I
provided
π(2,I;I)−π(1,I;I)+π(0,I−1;I)+
1
I
Z
a
P
I
(T …