Intellectual property and antitrust limitations on contract: comment
Matthew Holian and
Neil Nguyen ()
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Neil Nguyen: San Jose State University
Economics Bulletin, 2010, vol. 30, issue 4, 2680-2684
Abstract:
In their chapter in Dynamic Competition and Public Policy (2001, Cambridge University Press), Burtis and Kobayashi never defined their model's discount rate, making replicating their simulation results difficult. Through our own simulations, we were able to verify their results when using a discount rate of 0.10. We also identified two new types of equilibria that the authors overlooked, doubling the number of distinct equilibria in the model.
JEL-codes: L4 (search for similar items in EconPapers)
Date: 2010-10-12
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