Xuất bản: 27 July, 2022
This paper examines the situation in which a monopolist offers freeware as an advertisement to increase the demand in order to maximize profit even though the existence of such freeware will reduce the power of the monopolist in the market. We prove that...
Freeware As An Advertisement
This paper examines the situation in which a monopolist offers freeware as an advertisement to increase the demand in order to maximize profit even though the existence of such freeware will reduce the power of the monopolist in the market. We prove that the successful application of freeware is dependent on the number of potential […]
Xuất bản: 27 July, 2022
To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on technological external effects and increasing returns have been...
Existence, Optimality and Dynamics of Equilibria with Endogenous Time Preference
To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on technological external effects and increasing returns have been presented. This paper studies the dynamic implications of, yet another mechanism, the endogenous rate of time preference depending […]
Xuất bản: 27 July, 2022
Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides sending money to his family, also invests in his home country. The investment is looked after by a family member in return for some monetary...
Remittances for Economic Development: the Investment Perspective
Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides sending money to his family, also invests in his home country. The investment is looked after by a family member in return for some monetary compensation. The model focuses on two different cases: state-contingent transfers (transfers […]
Xuất bản: 27 July, 2022
I set up in this paper an overlapping generations economy with envi-ronment degrading itself and pollution resulting from both consumption and production to show that there always exists an inter-temporal equi-librium and to determine the competitive...
Overlapping generations economy, environmental externalities, and taxation
I set up in this paper an overlapping generations economy with envi-ronment degrading itself and pollution resulting from both consumption and production to show that there always exists an inter-temporal equi-librium and to determine the competitive steady state. This steady state is compared with the equilibrium steady state in the social benevolent planner’s point of […]
Xuất bản: 27 July, 2022
Retail chains and imports of consumer goods from developing countries have grown sharply over the past 25 years. Wal-Mart’s sales, which currently account for 15% of U.S. imports of consumer goods from China, grew 90-fold over this period, while U.S....
Wal-Mart as Catalyst to U.S.-China Trade
Retail chains and imports of consumer goods from developing countries have grown sharply over the past 25 years. Wal-Mart’s sales, which currently account for 15% of U.S. imports of consumer goods from China, grew 90-fold over this period, while U.S. imports from China increased 30-fold. We relate these trends using a model in which scale […]
Xuất bản: 27 July, 2022
This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth model. We derive the appropariate necessary conditions for such problems by means of the standard techniques from calculus of variations...
Optimal timing of regime switching in optimal growth models A Sobolev space approach
This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth model. We derive the appropariate necessary conditions for such problems by means of the standard techniques from calculus of variations and some basic properties of Sobolev space.