This paper develops a partial equilibrium monopoly model of international technology transfer in which both the extent of technological change and the mode of technology transfer are endogenous. The model is then used to analyse the welfare effects of various policies that are often recommended...

Given symmetric information, it is assumed that the optimal policy for a policy maker is to commit to future removal of tariff protection as this provides the form with a greater incentive to undertake cost reducing effort than otherwise. This policy is shown to be time inconsistent and as a...

This paper develops a two period model in which a dynamic external economy, in the form of learning-by-doing spillovers, provides the rationale for infant industry assistance are then examined by introducing owner/manager effort into the learning process. It is shown, under conditions of...

In many countries, including Australia and the United Kingdom, there are regulations that limit the amount of advertising content per hour of television broadcasts. This paper examines the effect this regulation has on programme quality and viewer welfare. It is shown that regulation reduces...

In this paper learning-by-doing involves a relationship whereby current period marginal cost is lower the greater is cumulative output prior to the current period only if the owner/manager expends effort in the learning process. This feature is incorporated into models of monopoly regulation and...

This paper develops a partial equilibrium model of international technology transfer in-which the mode of technology transfer is endogenous and per unit royalties play two roles in license contracts. The first is that they facilitate the monopoly solution when a competitor is licensed, and the...

Agency theory predicts a negative relationship between risk and incentives, yet recent empirical evidence has not consistently found such a relationship. In fact, some researchers have found a positive relationship. By introducing competition for heterogeneous managers, who differ in their...

A model of costly medical malpractice claims, based on Bayes Rule, is developed to examine the effects of physicians being liable for actual damage under a negligence rule. This model is consistent with empirical evidence concerning the pattern of claims. It is shown that compensating actual...

A soft budget constraint arises when a government is unable to commit to not `bailout' a public hospital if the public hospital exhausts its budget before the end of the budget period. It is shown that if the political costs of a `bailout' are relatively small, then the public hospital exhausts...

In an environment where GPs are of differing quality and heterogeneous patients have di?erent preferences for quality, it is shown that fee-for-service coupled with balance billing is a superior payment scheme to just fee-for-service or capitation payments as it generates an e?cient allocation...