In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general equilibrium models with non-price-taking behavior are constructed and analyzed in greater detail. We discover that technical innovation carried out...

In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general equilibrium models are constructed and analyzed in greater detail. We discover that technical innovation carried out by a monopolist could...

With scientific research growing increasingly multidisciplinary in nature, team playing and communication skills have become critical in the achievement of scientific breakthroughs. This study adds valuable evidence to the oft-cited 'productivity puzzle' in the sciences by comparing the work...

Golden Rice has been genetically engineered to produce beta-carotene in the endosperm of the grain. It could improve the vitamin A status of deficient food consumers, especially women and children in the developing world. This paper analyses the potential impacts in a Philippine context. Since...