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We examine the question of whether a country benefits by subsidizing the Ramp;D of foreign owned monopoly firms. We allow for any proportion of foreign ownership; and, Ramp;D improves the product so that customers directly benefit. The policy implications are: (1) the optimal subsidy increases...
Persistent link: https://www.econbiz.de/10012723846
Firm 1 makes a computer printer, the foremarket product, and ink cartridges, the aftermarket product. Firm 2 makes compatible cartridges. They compete in a Cournot or Stackelberg aftermarket. The price of the printer is alpha times the aftermarket consumer surplus, where alpha is between zero...
Persistent link: https://www.econbiz.de/10014056341
We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market their innovations when they pioneer a new generation...
Persistent link: https://www.econbiz.de/10010263295
We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market their innovations when they pioneer a new generation...
Persistent link: https://www.econbiz.de/10005150893
We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market their innovations when they pioneer a new generation...
Persistent link: https://www.econbiz.de/10001786155
Persistent link: https://www.econbiz.de/10010335504
Despite the fact that compensation is the governing principle in contract law remedies, it has tenuous historical, economic and empirical support. A promisor's right to breach and pay damages (which is subject to the compensation principle) is only a subset of a larger family of termination...
Persistent link: https://www.econbiz.de/10005751455
Section 15 of China's Protocol of Accession to the World Trade Organisation (WTO) allows importing WTO members to determine, under their national law, whether China is considered to be a market economy for the purpose of price comparability and of calculating dumping margins. Some provisions of...
Persistent link: https://www.econbiz.de/10015295082
Section 15 of China's Protocol of Accession to the World Trade Organisation (WTO) allows importing WTO members to determine, under their national law, whether China is considered to be a market economy for the purpose of price comparability and of calculating dumping margins. Some provisions of...
Persistent link: https://www.econbiz.de/10015295176
Persistent link: https://www.econbiz.de/10009752792