This paper investigates the efficiency of monetary and fiscal policy in a two-country general equilibrium model with monopolistic competition and wage stickiness. When monopoly distortions are completely eliminated, we find that stochastic government spending can affect the efficiency of the...

Collective reputation, such as watches "made in Switzerland", affects the whole industry all over the world. This article highlights the relationship between competition and collective reputation. First, collective quality level depends on firms objectives. Second, the collectively determined...

Research and development (R & D) competition is standard, and it heavily affects patent values. This study captures R&D competition's effects on patent values using game-theory approaches. Cost-reduction patent values increase with technology level and decrease with the competition. Technology...

China's multilevel medical education system generates tremendous physician human capital heterogeneity. This paper attempts to take advantage of the differences level of doctors' human capital to reveal the relationship between healthcare service mismatch and doctors' human capital using the...