Publisher Summary This chapter presents details on regional economic integration. It
reviews and evaluates some of the voluminous literature, theoretical and applied, on the …

Innovation contests as a means to realize innovative product or service solutions are
growing in popularity among practitioners and researchers. An increasing number of …

Consumer preference and government subsidies are two of the key influencing factors in the
decision-making of building developers, which plays a leading role in the development of …

First published in 1997. Massive technological development has changed the face of
industry drammatically. This text provides an analysis of the trends and dynamics of …

Countries often perceive themselves as being in competition with each other for profitable
international markets. In such a world export subsidies can appear as attractive policy tools …

We examine the incentives that owners of competing firms give their managers. We show
that, in equilibrium, each manager will be paid in excess of his decision's marginal profit in a …

The past two decades have seen a gradual but noticeable change in the economic
organization of innovative activity. Most firms used to integrate research and development …

This paper develops a model in which international technology transfer through foreign
direct investment emerges as an endogenized equilibrium phenomenon, resulting from the …

If there were an Economist's Creed, it would surely contain the affirmations “I understand the
Principle of Comparative Advantage” and “I advocate Free Trade.” Yet the case for free trade …

Over the past decade, a small group of economists has challenged traditional wisdom about
international trade. Rethinking International Trade provides a coherent account of this …