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structured in four parts: I. Decentralized resource allocation processes for public and private goods - II. Environment, public … occasion of his retirement from teaching. The collection is structured in four parts: I. Decentralized resource allocation …
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This paper analyzes the influence of Information structure on the process of knowledge accumulation in a differential game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and perfect information structures, we show that in the feedback...
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