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Articles 1 - 6 of 6
Full-Text Articles in Industrial Organization
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Abhra Roy
The incentive of providing protection of intellectual property has been analyzed, both for an emerging economy as well as for a developed economy. The optimal patent length and the optimal patent breadth within a country are found to be positively related to each other for a fixed structure of laws abroad. Moreover, a country can respond to stronger patent protection abroad by weakening its patent protection under certain circumstances and by strengthening its patent protection under other circumstances. These results depend upon the curvature of the R&D production function. Finally, we investigate the impact of an increase in the willingness-to-pay …
Price Elasticity Of Expenditure Across Health Care Services, Fabian Duarte
Price Elasticity Of Expenditure Across Health Care Services, Fabian Duarte
Fabian Duarte
Policymakers in countries around the world are faced with rising health care costs and are debating ways to reform health care to reduce expenditures. Estimates of price elasticity of expenditure are a key component for predicting expenditures under alternative policies. Using unique individual-level data compiled from administrative records from the Chilean private health insurance market, I estimate the price elasticity of expenditures across a variety of health care services. I find elasticities that range between zero for the most acute service (appendectomy) and −2.08 for the most elective (psychologist visit). Moreover, the results show that at least one third of …
A Relational Contract For Water Demand Management, R K Amit, Parthasarathy Ramachandran
A Relational Contract For Water Demand Management, R K Amit, Parthasarathy Ramachandran
R K Amit
For necessary goods like water, under supply constraints, fairness considerations lead to negative externalities. The objective of this paper is to design an infinite horizon contract or relational contract (a type of long-term contract) that ensures self-enforcing (instead of court-enforced) behaviour by the agents to mitigate the externality due to fairness issues. In this contract, the consumer is induced to consume at firm-supply level using the threat of higher fair price for future time periods. The pricing mechanism, computed in this paper, internalizes the externality and is shown to be economically efficient and provides revenue sufficiency.
Looking At China’S Great Leap Forward From A Systems Perspective, Brandy Futrell
Looking At China’S Great Leap Forward From A Systems Perspective, Brandy Futrell
Brandy Futrell
China’s Great Leap Forward (GLF) campaign of 1958-1961 led by Mao Tse-Tung resulted in a horrendous famine that cost millions of lives. This paper examines the campaign from a systems perspective across the individual, group/societal, and regulatory levels. Looking at each level illustrates errors that explain how the GLF failed.
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Aniruddha Bagchi
Introduction To The Special Issue On Manufacturing, Jennifer Clark, Pierre Clavel
Introduction To The Special Issue On Manufacturing, Jennifer Clark, Pierre Clavel
Jennifer Clark