In this paper, we develop a differentiated duopoly model with endogenous cost-reducing R&D and review the argument on welfare effect of price and quantity competition in the presence of technology licensing. We show that, with licensing, the standard conclusion on duopoly (Singh and Vives, 1984)...

Mit dieser Studie wird erstmals ein relativ umfassendes Profil der neuen Unternehmerschaft in China und Vietnam vorgelegt. Ausgehend vom theoretischen Ansatz strategischer Gruppen befasst sich das Buch mit der Entwicklung des privaten Wirtschaftssektors und der damit verbundenen Herausbildung...

The loss of control over consumption funds [in society] has compelled people, naturally, to turn their attention from macro to micro problems, and to the question of the enterprises' behavior. The idea of converting the enterprises' capitalization to a stockholding system is a logical assumption...

With consumption funds going out of control, people naturally turn their attention from the macro economy to the micro economy and set their eyes on the behavior of the enterprises. Transforming enterprises into joint-stock companies is a hypothetically logical solution to the problem of...