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Loury (1979) - Market Structure And Innovation (view source)
Revision as of 18:47, 17 November 2010
, 18:47, 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>
