Optimal compensation for data-sharing in registration processes

Article Abstract:

The September 1978 amendment of the Federal Insecticide, Fungicide and Rodenticide Act provides for payments by manufacturers with imitative products to original innovator manufacturers, to defray the original manufacturers' costs associated with product introduction, registration and testing in conformity with Environmental Protection Agency regulations. Such compensatory payments are necessary to encourage innovation, yet overcompensation in this area could create product monopolies. Consequently, a method for devising optimal compensation payment schemes is required; the method offered here models optimal payments to product innovators, based on the Nash solution for cooperative games.

Economic aspects, Laws, regulations and rules, Product liability, Technological innovations, United States. Environmental Protection Agency, Product safety, Products liability, Recording and registration

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A note on economic models for R and D project selection in the presence of project interactions

Article Abstract:

Computational errors are presented in the paper 'Economic models for R and D project selection in the presence of project interactions' by Baker and Bryant (1984). The present values shown in Table 3 of their paper are incorrect. Even when correct values are used, it is not demonstrated that ignoring present-value interactions can result in nonoptimal project selections.

Research, Industrial project management, Project management, Industrial research, Mathematical models

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