In a three-country framework, with one innovating country, we study the incentives of non-innovating countries to extend patent pro- tection to the innovator's intellectual property. I assume that non- innovating countries differ with respect to their market sizes and/or imitative capabilities....

Our recent work examines the links among innovations, technology, trade, and growth. One strand focuses on research activity, technology diffusion, and growth. The other examines technology and trade. In this paper we exploit the common treatment of technology in these two strands to provide a...

The paper studies the competitive strategies of two informal lenders, traders and landlords, in the provision of credit to tenants. Each lender has a distinct market or enforcement advantage. It is shown that when lenders compete 'directly', i.e. in contracts, the landlord has the 'interlocker's...

We discuss innovative incentives of a local firm when an advanced technology may be available through a foreign firm. The domestic government follows either protection or free trade policy, but there are uncertainties about the realization of a particular policy. We portray the situations in...

I use the aggregate behavior of three indicators of technology (employ- ment of research scientists and engineers, patented inventions, and total fac- tor productivity) to identify a plausible model of endogenous technological change. In the US (as well as in other developed countries) research...

We analyze financial collapses, such as the one that occurred during the U.S. Great Depression, from the perspective of a monetary model with multiple equilibria. The economy we consider contains financial fragility due to increasing returns to scale in the intermediation process. Intermediaries...

We study cooperative behavior in communities where the flow of infor- mation regarding past conduct is limited or missing. Players are initially randomly matched with no knowledge of each other's past actions; they endogenously decide whether or not to continue the repeated relationship. There...

Problems with quality control and deadline adherence are sometimes cited as barriers to the expansion of manufactured exports from LDCs. These problems, it is argued, are not entirely idiosyncratic to particular managers or cultures. Employees' attention is strongly influenced by the structure...