This paper reexamines the welfare implications of three pricing regimes (mill, uniform and discriminatory) for a monopoly in a stochastic environment. It con-siders a risk-averse monopolist faces two markets with stochastic and linear demands. The monopolist is assumed to commit to an...

This paper examines the eectiveness of environmental policies in curtailing pollution of a rm which is operating in a space economy under stochastic emissions. We consider a general n-input planar space production-location model, in which the output is produced jointly with the byproduct...

This paper departs from previous work on the locational effects of business taxes under uncertainty by considering the attainment of long-run industry equilibrium. A general m input, planar-space production location model is adopted, and each individual firm is assumed to face random industry...

The paper identifies the R&D status of the Taiwanese electronics industry by employing a bivariate probit selectivity model to examine the relationship between imports of technology and inhouse R&D at the firm level. A complementary relationship between imported technology and inhouse R&D is...