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By focusing on the constructive and combative spillover effects of the firms’ investment in research and development (R&D), we develop a horizontally differentiated duopoly model in which R&D investment used to improve product quality influences consumer preferences and the choice of...
Persistent link: https://www.econbiz.de/10010980370
This paper presents consideration of how a subsidy for the elderly care services should be financed in terms of income growth and social welfare. An increase in the tax burden for older people and firm with a decrease in the tax burden for young people can raise the income growth rate. However,...
Persistent link: https://www.econbiz.de/10010980371
This paper discusses how to deal with low-valued recyclable residual wastes whose reprocessing itself does not pay financially. While such a recycling activity can potentially improve the social welfare if the environmental costs associated with its disposal are sufficiently significant,...
Persistent link: https://www.econbiz.de/10010980372
We develop a Hotelling model of horizontally and vertically differentiated brands with misleading advertising competition. We investigate the question of who benefits or loses from the misinformation created by advertising competition and related regulatory policies. We show that the quality...
Persistent link: https://www.econbiz.de/10010535181
Persistent link: https://www.econbiz.de/10005764908
According to Bordo and James [2008, “A long term perspective on the Euro, ” NBER Working Paper, No. 13815], history shows that multinational monetary unions have dissolved mainly under the consequences of external shocks. This paper provides a theoretical model demonstrating their point.
Persistent link: https://www.econbiz.de/10005764909
The purpose of this article is to demonstrate that Edgeworth’s Mathematical Psychics (1881) has been influenced by various intellectual contemporaries through the ‘Sidgwick-Barratt Controversy’. Under the influence of Barratt, Edgeworth admitted the physical methods of ethics; which is...
Persistent link: https://www.econbiz.de/10005764910
Persistent link: https://www.econbiz.de/10005764912
We consider the research and development (R&D) investment com petition of duopolistic firms in completely complementary technologies. By "completely complementary technologies," we mean that no firm can produce the goods without both of the technologies. We derive the investments competition...
Persistent link: https://www.econbiz.de/10005764913
We consider research and development (R&D) investment competition between duopolistic firms that independently invest in two complementary technologies to produce their products. By "partially complementary technologies", we mean that each firm can produce the goods without both technologies but...
Persistent link: https://www.econbiz.de/10005764914