The last three decades have witnessed an explosion of theoretical work on the organization of firms (Robert Gibbons and John Roberts, 2009). In parallel, there has been a massive increase in access to micro data which has revealed huge dispersions in productivity. For example, within narrow...

We consider an important class of research and development (R&D) investments in public and private entities that require selection from a large number of proposals such that: (1) the potential monetary value of the proposals is not a first-order factor in the selection; and (2) the investments...

A Country is a predefined territory, where people live along with the nature and other living species (Botanical, Marine, Zoological etc.…). A Nation is the same as a Country, but with registered and identified group of people as the citizens. Each living group in a nation is identified as a...

This paper analyzes welfare implications of protecting intellectual property rights (IPR) in the framework of TRIPS for developing countries (South) through its impact on innovation, market structure and technology transfer. In a North-South trade environment, the South sets its IPR policy...