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Spence (1984) - Cost Reduction Competition And Industry Performance (view source)
Revision as of 18:30, 7 December 2010
, 18:30, 7 December 2010no edit summary
Which is the '''total benefits from R&D''' as a function of a single parameter <math>v\;</math>, such that the '''marginal benefits from R&D''' are:
:<math>R'(v) = 1-s\;</math>
