In their utilization of R&D (information) output, different sectors of a heterogeneous industry display different reaction times. This paper analyzes the effects of this temporal heterogeniety on output and productivity for an extended version of the Baumol-Wolff model. Results include...

Over the last decades, the contemporary way of living, as well as the technology development, has increased the household electricity consumption. The excessive use of electricity has a negative impact on the environment, increasing the carbon footprint and contributing to the climate change....

Among the emerging areas in health-care system, the implementation of Electronic Medical Record system and the discovery of Personalized Medicine are occupying top positions. While some of the personalized drugs have already been discovered, implementing this new medicare system requires a lot...