TikZ is a drawing package in LaTeX. It is very useful to draw a professional-looking diagram. However, the learning curve is a little bit steep for a beginner. This is a cookbook that provides step-by-step illustrations on how to use TikZ to draw various diagrams in economics.
TikZ is a drawing package in LaTeX. It is very useful to draw a professional-looking diagram. However, the learning curve is a little bit steep for a beginner. This is a cookbook that provides step-by-step illustrations on how to use TikZ to draw various diagrams in economics.
Licensing technology to a rival firm when firms have heterogeneous technologies. If a third firm remains in the industry, licensing technology is profitable. Dependent on criteria, chosen licensees are different. Joint-profit- or welfare-maximization, or auction outcomes as a selection criterion.