A theory of hyperfinite process: the complete removal of individual uncertainty via exact LLN

Article Abstract:

The interplay of internal and external entities is still beneficial in several situations for the discovery of completely standard outcomes, despite the fact that transfer of a standard result to a non-standard model cannot be taken as a new result. The power of non-standard analysis results from the saturation principle and the use of external sets. Non-standard constructions provide a more convenient and efficient use of higher order sets, eventually rendering one to really discover new results when interpreting non-standard outcome in the standard models.

Mathematics, Mathematical analysis, Stochastic processes

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Knowledge as a public good: efficient sharing and incentives for development effort

Article Abstract:

The interactions between adverse selection and moral hazard were investigated in R&D joint ventures in which adverse selection emerges from knowledge sharing. Moral hazard arises from the choice of private development initiatives for translating privately acquired and/or shared knowledge into significant marketable innovations. Arrangements that result in full-information outcomes from team members with private informations and unobservable actions were also considered.

Commercial physical research, Research & Development-Industry, Joint-Venture Management, Econometrics & Model Building, Industrial research, Management, Econometrics, Industrial efficiency, Economic efficiency, Joint ventures, Public goods, Knowledge, Theory of, Epistemology, Incentives (Business), Business models

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