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players with stronger signals may experiment after those with weaker signals. We show that in this more general environment …
Persistent link: https://www.econbiz.de/10012753422
This paper analyzes the determination of the optimal tariff under the assumption of Consistent Conjectural Variations (CCV). A general characterization of the CCV equilibrium is given. We show that (i) there are, in general, a multiplicity of such equilibria, and (ii) under certain restrictions,...
Persistent link: https://www.econbiz.de/10013247283
failure to observe homogeneous product Bertrand oligopoly, while homogeneous product Cournot oligopoly has significant …
Persistent link: https://www.econbiz.de/10013027279
this phenomenon. It implies that the best workers are hired away first because, with imperfect information, prices do not … speed of diffusion of information. In some occupations, it implies that there quickly develop pronounced differences in the …
Persistent link: https://www.econbiz.de/10013244394
frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates … technology diffusion, with the productivity of imitation modeled by a catch-up function that increases with distance to the …
Persistent link: https://www.econbiz.de/10013106293
and generic drugs within and across therapeutic classes. We use data on antiulcer drugs from 1991 to 2010. Our simulations …
Persistent link: https://www.econbiz.de/10013074647
The debate between the North and the South about the enforcement of intellectual property rights in the South is examined within a dynamic general equilibrium framework in which the North innovates new products and the South imitates them. A welfare evaluation of a policy of tighter intellectual...
Persistent link: https://www.econbiz.de/10013245318
We analyze the effects on consumers of an extreme policy experiment -- Napsterizing' pharmaceuticals -- whereby all …
Persistent link: https://www.econbiz.de/10013212342
What form of intellectual property rights (IPR) policy contributes to economic growth? Should technological followers be able to license the products of technological leaders? Should a company with a large technological lead receive the same IPR protection as a company with a more limited lead?...
Persistent link: https://www.econbiz.de/10012747875
which Northern innovation, Southern imitation, and FDI are all endogenous. Our model predicts that IPR reform in the South …
Persistent link: https://www.econbiz.de/10012760176