In this paper we analyze options for the European Central Bank (ECB) to achieve its single mandate of price stability. Viable options for price stability are described, analyzed, and tabulated with regard to both short- and long-term stability and volatility. We introduce an additional tool for...

The paper surveys the main forces affecting the incentive to cooperate in Ramp;D and the effects of cooperation on the incentive to innovate. We consider both a complete and an incomplete contract framework. In addition, we consider several forms of cooperative agreements, and we study in what...