Showing 1 - 5 of 5
National Biotechnology Week has just ended, and across Canada numerous discussions addressed the issues confronting … this industry. The term biotechnology refers to “the application of science and technology to living organisms as well as … services” (BIOTECanada, 2008, Biotechnology Facts). Annual surveys by BIOTECanada (Nanos Research) reveal that Canadians …
Persistent link: https://www.econbiz.de/10008568663
We show that, in a model with substitutability between capital and resources, the path of sustainable development may be non-smooth, and may exhibit the overshooting property: starting from low levels of capital and resources, the economy may accumulate capital beyond its steady-state level,...
Persistent link: https://www.econbiz.de/10005100827
A standard model of the exploitation of a renewable resource by non-cooperating agents is considered. Under the assumption that the resource is sufficiently productive we prove that there exist infinitely many Markov-perfect Nash equilibria (MPNE). Although these equilibria lead to...
Persistent link: https://www.econbiz.de/10005417544
We experimentally study behavior in a common property renewable resource extraction game with multiple equilibria. In the experiment, pairs of subjects competitively extract and consume a renewable resource in continuous time. We find that play evolves over time into multiple steady states, with...
Persistent link: https://www.econbiz.de/10011183778
Using the four Biotechnology Uses and Development surveys of Statistics Canada, we analyse the relative importance of … biotechnology firms. Our model accounts for the potential endogeneity due to the simultaneity of some of these strategies …
Persistent link: https://www.econbiz.de/10009350696