1. Go through all the arguments and formulae we have presented from the beginning of Section 3,...

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1. Go through all the arguments and formulae we have presented from the beginning of Section 3, and convince yourself that the first time something should be revised because of the government intervention described is in the formula for the capital value of a patent, (18), which should be changed to: (r- a)PA = (1 + r)n + !:iPA.

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Introducing Advanced Macroeconomics: Growth And Business Cycles

ISBN: 9783031200922

1st Edition

Authors: Peter Birch Sørensen, Hans Jørgen Whitta-Jacobsen

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