An industry-wide research joint venture (RJV) does not lead to better technological development or a higher consumer surplus. In contrast, every non-industry-wide RJV leads to strict improvements in both measures. Our results continue to hold when technology transfer is possible. Independent collaboration with technology transfer is an alternative to establishing industry-wide research consortiums.
An industry-wide research joint venture (RJV) does not lead to better technological development or a higher consumer surplus. In contrast, every non-industry-wide RJV leads to strict improvements in both measures. Our results continue to hold when technology transfer is possible. Independent collaboration with technology transfer is an alternative to establishing industry-wide research consortiums.
This is an introductory textbook that focuses on how to use R to test a technical trading strategy. No prior programming knowledge is needed..
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.