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License Price Paths: I. Theory II. Evidence from Hong Kong

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NBER1992-12-01 更新2025-01-04 收录
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In the first of the two companion papers, we show that the dynamic aspects of the license utilization decision in an uncertain environment, together with the usual policy of rewarding high license utilization with future license allocations. creates four components of the license price. These are

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1992-12-01
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