Cooperative versus noncooperative behavior: the case of agricultural research
Article Abstract:
Lindahl and Nash-Cournot behaviour models are assumed to study the allocation of resources for public goods supply by non-voluntary and voluntary contributions in cases of agricultural research. Noncooperative schemes are adopted in 50% of the US agricultural research cases studied. Voluntary supply of public goods is usually thought suboptimal when using an assumption of noncooperation which leads to the Nash-Cournot result. A Lindahl equilibrium results from the attainment by agents of a cooperative equilibrium when the level of the public good supplied must coincide on aggregate across agents.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1993
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The effects of R&D, foreign technology purchase, and domestic and international spillovers on productivity in Indian firms
Article Abstract:
Panel data for Indian manufacturing companies from 1974-1975 to 1981-1982 and R&D data from nine nations were used to estimate the impact on output of their in-house R&D, technology purchase expenditures and foreign and domestic spillovers. Results indicate that estimated rates of return to technology purchase expenditures are substantially higher than most estimates of returns to R&D from India or the developed countries. Overall results indicate that there are significant returns to be gained from increasing technology-purchase-expenditure levels.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1996
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Residential buildings and the cost of construction: new evidence on the efficiency of the housing market
Article Abstract:
The role of new building construction on the efficiency of the housing market has been studied using data on 25,000 single-family home sales in Vancouver, BC, between 1979 and 1989. Hedonic methods were used in decomposing quality-adjusted housing prices into the price of the vacant land and the price of a building. Results support long-term housing equilibrium assumptions. These are that the price of a newly-constructed building equals current construction costs and that the expected risk-adjusted rates of return across assets will be equal.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1999
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