To reduce the competition from farmers who self-produce seed, an inbred line seed producercan switch to nondurable hybrid seed. In a two-period model we investigate the impactof crop durability on self-production, pricing and switching decisions, and we examine theimpact of license fees paid by...

Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well designed regulation could actually enhance competitiveness. The traditional view of...

Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well-designed regulation could actually enhance competitiveness. The traditional view of...