Bennett, John; Estrin, Saul - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
existing production methods in developed
economies, such technology is not common knowledge. Rather, the transfer of
technology … activity at t =1reveals the profitability of the industry, which
is then common knowledge. At t =2entrepreneur A may then exit …, the value of θ
is common knowledge at t =2. This represents the idea that the suitability of
the industry to local …