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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 ...