Now showing items 1-3 of 3

  • Existence of Equilibriuim in Welfare-enhancing Free Trade Areas 

    Grinols, Earl L.; Silva, Peri A. (2005-08-13)
    Proving the existence of equilibrium having specified properties is often synonymous with proving the result in trade theory. The Grandmont-McFadden proposition that any autarkic allocation can be replaced by a Pareto ...
  • Global Patent Protection: Channels of North & South Welfare Gain 

    Grinols, Earl L.; Lin, Hwan C. (2005-08-13)
    Much of the dynamic literature on intellectual property protection (IPP) arrays goods along a segment of the real line, one endpoint of which expands with innovation. A single margin of innovation brings computational ...
  • Pharmaceuticals, Prescription Plans, and Promoting Progress 

    Grinols, Earl L.; Henderson, James W. (2005-08-13)
    Monopoly response to buyers who pay fraction c of the product cost is to raise the buyer price for the initial quantity q0 from p0 to 1/c p0, and adjust to a different price and quantity only if profits are thereby raised ...