This paper studies a two-country production economy with complete and frictionless financial markets and international trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms...

This paper studies a two-country production economy with complete and frictionless financial markets and international trade in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms ("entrants") compete in...

A Brief Review of the Errors-in-Variables Problem in Asset Pricing Tests -- A Comparison of Formulas to Compute Implied Standard Deviation -- A Critical Evaluation of the Portfolio Performance Indices Under Rank Transformation -- A Fuzzy Real Option Valuation Approach To Capital Budgeting Under...