The authors analyze the effects of R&D cartelization and research joint ventures on firms that engage in either Cournot or Bertrand competition in their product market. Research efforts, which precede production, are directed to reducing unit cost and are subject to various degrees of...

Museum passes which give visitors access to several museums, are becoming more and more frequent. One of the problems encountered is the sharing of the proceeds. We recommend a fair and easily implementable sharing rule that takes into account the relative contribution of each individual museum...