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The optimal subsidy allocation mechanism is studied for a benevolent public-policy-decision maker faced with the task of assisting a domestic "infant" firm in its attempt to become established in an international industry.
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waiting option for a newly emerging technology is not exercised enough. …
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What factors influence a state-owned enterprise in a transition economy to choose between alternative technology …
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create forces for agglomeration in particular locations, driving up prices of immobile factors. A new superior technology …
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