Changes
Jump to navigation
Jump to search
Loury (1979) - Market Structure And Innovation (view source)
Revision as of 17:47, 17 November 2010
, 17:47, 17 November 2010→Solution concept
Each firm maximizes profit:
:<math>\max_x \Pi (a_i,x,V,r) = \max_x \left (\frac{V h(x_i)}{r(a_i + r +h (x_i))} - x \right)\;</math>
