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 ...

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 ...

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 ...