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A quality-adjusted price and gasoline
(Centro de Investigación y Docencia Económicas, División de Economía, 1998)
This paper analyzes the problems on the computation of price indexes when there: are improvements in the goods' quality. These problerms arise because we use price indexes that measure the prices of the goods that consumers ...
R & D and human capital: competition in innovation
(Centro de Investigación y Docencia Económicas, División de Economía, 1998)
This paper develops a model of Cournot competition in innovation. This model introduces two new features. First, firm's investment in research and development is divided into two pieces, expenditures in human capital and ...
Competition in innovation with public and private R&D in the pharmaceutical industry
(Centro de Investigación y Docencia Económicas, División de Economía, 1999)
In this paper we develop a model of competition in innovation tu evaluate the following statement made by members of the pharmaceutical industry in the United States. They say that the investment made by government in basic ...