This paper examines the positive and normative effects of cooperative R&D--whereby
member firms commit themselves to the joint profit-maximizing level of R&D in a" …

Empirical studies suggest that the huge investment in information technologies (IT) of the
past two decades has led to no significant increase in productivity; this phenomenon is …

We offer a new perspective to the social efficiency of entry by considering an industry with a
quantity‐setting leader and free entry of followers. We show that entry with homogeneous …

The existence of firms with different levels of efficiency within a country plays an important
role in this in-depth analysis of industrial and trade policies in a multi-country trade-theoretic …

The ambition of the theory of imperfectly competitive markets is to explain the working of
markets in which the issue of strategic interaction among firms is central. Our analysis of this …

We show that cost asymmetry between the domestic and foreign firms is not necessary for
the occurrence of insufficient entry in the domestic country. This result provides a rationale …

This paper reflects on consequentialism which underlies the traditional normative
economics. It asserts that the informational basis of normative economics should be …

This paper examines privatization policy and entry regulation in a mixed oligopoly market
with foreign competitors and free entry of domestic private firms. We demonstrate that if the …

This paper analyses the question of optimum R&D subsidies in the context of a two‐stage
asymmetric Cournot duopoly model with endogenous R&D. For the special case of …

We show that, in the presence of technology licensing, entry in an industry with Cournot
competition may lead to a socially insufficient, number of firms. Insufficient entry occurs if the …