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Yao, Shuntian; Gan Loo Geok, Lydia - 2010

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...

Persistent link: https://www.econbiz.de/10003933138

Monopoly innovation and welfare effects

Yao, Shuntian; Gan Loo Geok, Lydia - 2010

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...

Persistent link: https://www.econbiz.de/10008659364

Patents, Patent Expirations, Offshoring of Jobs, and Incentives for Efforts at Innovation : General Equilibriums

Obrimah, Oghenovo A. - 2021

-best strategy, sharing of some of the economic surplus with labor (as `bonuses') is prediction of economics theory. The formal … theory shows payout of the future value of labors' annual bonuses at timing of offshoring Pareto dominates payout of bonuses …

Persistent link: https://www.econbiz.de/10013216684