This paper studies vertical R&D spillovers between upstream and downstream firms. The model incorporates two vertically related industries, with horizontal spillovers within each industry and vertical spillovers between the two industries.

Canada's Mergers Laws on the Books Since 1889, But in Their 75 Years History, Only Eight Merger Cases Have Been Taken Through a Full Trial and the Crown Has Never Won a Contested Case in Appeal. Based on This Record, the New Competition Act Has Tried to Remedy the Perceived Faults of the Old...

Des Elements Recents de Preuve Empirique Tires D'analyses de Vecteurs Autoregressifs Confirment L'importance des Changements Novateurs du Taux D'interet En Tant Que Determinant des Fluctuations Economiques. Nous Montrons Que Ce Resultat Peut Soutenir une Theorie du Cycle Economique Fondee Sur...