We extend Kamlen and Tauman's (1986) analysis of the value of a patent by allowing the inventor to use licencing contracts that specify a fixed fee plus a royalty.

we identify conditions under which preferences over sets of construction opportunities can be reduced to preferences over bundles of "commodities".

This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate.

We highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an intertemporal general equilibrium model of trade and production to evaluate the dynamic gains for...