실증 상고사

A Math Error with Hazard Rate.hwp JEL Classification: O30, C10 Keywords: innovation, hazard rate Abstract Some economists treat hazard rate (λ) as an instantaneous probability. But λ is not a probability but a rate. Hazard rate is a decrease rate of the survival function. The survival function is the probability of no innovation until time t. As time goes, the probability of innovation succ..

JEL Classification: F20, O30 Keywords: international technology transfer, comparative advantage, growth. Technical Paper Submitted to the Department of Economics, Oregon State University Date: October 11. 1999 Abstract In this paper, a simple model is developed to explain why international technology transfer is prevalent. Initially, two firms operate in separate countries and each has a monopo..

The_Replacement_Effect_is_Wrong.hwp AER's Referee Report.pdf Abstract Reinganum (1983, 1985) suggested the replacement effect. It has been accepted generally. But this common belief is wrong. Gilbert and Newbery (1984) and Yi (1995) say the replacement effect stems from Reinganum model's peculiarity. But Reingaum's replacement effect is only a calculation error. Reinganum considers three cases;..

AER's referee report and my refutation.pdf JEL Classification: D60, L15, M37 Keywords: advertising, advertising and welfare, advertising and market structure, advertising and game Abstract Becker and Murphy (1993) say that advertisements and the goods advertised are complements in stable metautility functions and so consumers buy advertisements on a particular product. These premises are wrong...

rolf.hwp figure.pdf 1. Introduction Undesirable outputs are often produced together with desirable outputs. Traditional productivity indexes (such as the Törnqvist and Fisher indexes) require prices of all inputs and outputs in order to aggregate to form a total factor productivity index. But the prices of undesirable outputs are not straightforward. One possible solution is to use Malmquist ..

The Business-Stealing Effect is Wrong.hwp JEL Classification: O33, O40, D60 Keywords: business stealing effect, pecuniary externality, innovation, endogenous growth, hazard rate Abstract Now it is believed that if the innovation is drastic and so it makes the existing technology useless, then there is the possibility of more R&D than socially optimum, for researchers do not internalize the dest..