Optimal Policy for Product R&D with Endogenous Quality Ordering PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Optimal Policy for Product R&D with Endogenous Quality Ordering PDF full book. Access full book title Optimal Policy for Product R&D with Endogenous Quality Ordering by Naoto Jinji. Download full books in PDF and EPUB format.
Author: Naoto Jinji
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
We examine the optimal R&D subsidy/tax policy under a vertically differentiated duopoly. In a significant departure from the existing work, we consider the case of asymmetric costs of product R&D where there is a small technology gap between firms. In our analysis, the endogeneity of quality ordering is explicitly taken into account. We demonstrate the possible anti-leapfrogging effect of R&D subsidy/tax policy. By committing to a firm-specific subsidy schedule contingent on firms quality choices, the government can not only correct distortions in product quality but also select the socially preferred equilibrium. The latter role is fulfilled by preventing the technologically inferior firm from becoming a quality leader in the industry. Both Bertrand and Cournot cases are analysed.
Author: Naoto Jinji
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
We examine the optimal R&D subsidy/tax policy under a vertically differentiated duopoly. In a significant departure from the existing work, we consider the case of asymmetric costs of product R&D where there is a small technology gap between firms. In our analysis, the endogeneity of quality ordering is explicitly taken into account. We demonstrate the possible anti-leapfrogging effect of R&D subsidy/tax policy. By committing to a firm-specific subsidy schedule contingent on firms quality choices, the government can not only correct distortions in product quality but also select the socially preferred equilibrium. The latter role is fulfilled by preventing the technologically inferior firm from becoming a quality leader in the industry. Both Bertrand and Cournot cases are analysed.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Paul Scholz
Publisher: GRIN Verlag
ISBN: 3668501068
Category : Business & Economics
Languages : en
Pages : 79
Get Book Here
Book Description
Master's Thesis from the year 2016 in the subject Business economics - Supply, Production, Logistics, grade: 1,7, Tsinghua University, language: English, abstract: This research investigates a manufacturer’s optimal capacity auditing policy in the principal-agent context facing asymmetric information. Supply chain coordination through supplier capacity auditing has the ability to affect both supply chain efficiency and risk management challenges. So far not a lot of research on principal-agent relationships in the manufacturing context has been performed – specifically not on supplier capacity auditing with one party facing asymmetric information. The basic assumption of this model is the contracting relationship of one manufacturer and one supplier. A price-quantity schedule is offered by manufacturer and the supplier selects one single-period fixed-price contract without any further communication and negotiation. The manufacturer’s decision according to the price-quantity schedules offered is upon order quantity, transfer payment and the audit application probability. The supplier’s production capacity is known to the supplier at all times but unknown to the manufacturer. In addition to that, the demand is stochastically distributed and concretizes after both parties agreed about the contract. Basic profit functions of the manufacturer and the supplier are adjusted to match the requirements of the manufacturing context. In order to derive optimal closed form solutions, the equations are modified following an approach of Laffont and Martimort. An optimal capacity audit mechanism for a manufacturer who procures components from a supplier possessing private capacity information is pointed out.
Author:
Publisher:
ISBN:
Category : Australia
Languages : en
Pages : 416
Get Book Here
Book Description
Author: Joseph Sarkis
Publisher: Edward Elgar Publishing
ISBN: 178643427X
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 616
Get Book Here
Book Description
Supply chain management has long been a feature of industry and commerce but, with increasing demands from consumers, producers are spending more time and money investing in ways to make supply chains more sustainable. This exemplary Handbook provides readers with a comprehensive overview of current research on sustainable supply chain management.
Author: Gail L. Cramer
Publisher: Routledge
ISBN: 1317225767
Category : Business & Economics
Languages : en
Pages : 806
Get Book Here
Book Description
This Handbook offers an up-to-date collection of research on agricultural economics. Drawing together scholarship from experts at the top of their profession and from around the world, this collection provides new insights into the area of agricultural economics. The Routledge Handbook of Agricultural Economics explores a broad variety of topics including welfare economics, econometrics, agribusiness, and consumer economics. This wide range reflects the way in which agricultural economics encompasses a large sector of any economy, and the chapters present both an introduction to the subjects as well as the methodology, statistical background, and operations research techniques needed to solve practical economic problems. In addition, food economics is given a special focus in the Handbook due to the recent emphasis on health and feeding the world population a quality diet. Furthermore, through examining these diverse topics, the authors seek to provide some indication of the direction of research in these areas and where future research endeavors may be productive. Acting as a comprehensive, up-to-date, and definitive work of reference, this Handbook will be of use to researchers, faculty, and graduate students looking to deepen their understanding of agricultural economics, agribusiness, and applied economics, and the interrelationship of those areas.
Author:
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 272
Get Book Here
Book Description
Author: A J. Culyer
Publisher: Elsevier
ISBN: 0080544177
Category : Medical
Languages : en
Pages : 1000
Get Book Here
Book Description
The Handbook of Health Economics provide an up-to-date survey of the burgeoning literature in health economics. As a relatively recent subdiscipline of economics, health economics has been remarkably successful. It has made or stimulated numerous contributions to various areas of the main discipline: the theory of human capital; the economics of insurance; principal-agent theory; asymmetric information; econometrics; the theory of incomplete markets; and the foundations of welfare economics, among others. Perhaps it has had an even greater effect outside the field of economics, introducing terms such as opportunity cost, elasticity, the margin, and the production function into medical parlance. Indeed, health economists are likely to be as heavily cited in the clinical as in the economics literature. Partly because of the large share of public resources that health care commands in almost every developed country, health policy is often a contentious and visible issue; elections have sometimes turned on issues of health policy. Showing the versatility of economic theory, health economics and health economists have usually been part of policy debates, despite the vast differences in medical care institutions across countries. The publication of the first Handbook of Health Economics marks another step in the evolution of health economics.
Author: S. Cohen
Publisher: Springer
ISBN: 0230234119
Category : Business & Economics
Languages : en
Pages : 464
Get Book Here
Book Description
The book brings together economic systems and development economics, offering theoretical foundations and empirical evidence. It examines competition, technology, governance, public goods, income transfers, transition, performance, convergence and displacement in a range of countries worldwide.
Author:
Publisher:
ISBN:
Category : Economic history
Languages : en
Pages : 108
Get Book Here
Book Description
