Massoud Khazabi - Australian Journal of Maritime & Ocean Affairs, 2017 | International models of ferry service delivery

The provision of ferry services is conducted worldwide based on different service delivery models. Governments may apply tight control over markets through the acquisition of ownership or the application of regulatory schemes, or may allow for more competitive market structures. The respective public policy will also change the risk taking of different parties involved in markets. The literature, however, lacks a framework for a systematic analysis of this type. Additionally, it does not address the question of which governance-operation ferry service model performs best. These lacunae are addressed in this paper.

Scholar articles

International models of ferry service delivery

Massoud Khazabi - Australian Journal of Maritime & Ocean Affairs, 2017

Massoud Khazabi, and N.V. Quyen: The Search for New Drugs: A Theory of R&D in the Pharmaceutical Industry

Khazabi, Massoud & Quyen, Nguyen. (2017). The Search for New Drugs: A Theory of R&D in the Pharmaceutical Industry. Journal of Economic Studies. 44. 10.1108/JES-01-2016-0002.

Abstract:
Purpose – The purpose of this paper is to use a dynamic model of optimal patent design and, in the presence of information externalities, to study the evolution of technological progress in the context of a pharmaceutical industry.

Design/methodology/approach – Theoretical analysis.

Findings – Pharmaceutical firms with an active drug discovery program behave strategically in their R&D and in the product markets. It is shown that a firm holding an earlier-expiring patent only chooses to proceed with R&D activates when the patent it holds expires if the expected discounted payoff net of R&D costs yielded by this action is positive. The expected discounted payoff net of R&D costs obtained by this firm is then decreasing in R&D costs, increasing in the cumulative quality discovered in the past R&D activates, and decreasing in the number of past R&D activities, etc.

Originality/value – The preceding literature on the topic works with only one brand, the brand with the highest quality. As well, the demand is assumed to be completely inelastic. In the conventional models of patent design, the role of competitive fringe firms is discussed implicitly. The model presented in this research is a rigorous continuous in-time dynamic model. It considers several differentiated products. Furthermore, the demand for a brand is taken to be a function of income, its price, and the prices of other brands. The interaction of the fringe firm with other patent-holding firms is also explicitly considered under this framework.

Keywords R&D, Patent, Pharmaceutical industry, Spillovers

Paper type Research paper

Cite this publication: Khazabi, Massoud & Quyen, Nguyen. (2017). The Search for New Drugs: A Theory of R&D in the Pharmaceutical Industry. Journal of Economic Studies. 44. 10.1108/JES-01-2016-0002.

Full text may be found in the Journal of Economic Studies.

Massoud Khazabi and N.V. Quyen: Competition and innovation with horizontal R&D spillovers

Khazabi, Massoud & Quyen, Nguyen. (2017). Competition and innovation with horizontal R&D spillovers. Journal of Economic Studies. 44. 10.1108/JES-12-2015-0226. 

Purpose:

The purpose of this paper is to extend a theoretical framework for analyzing competition and innovation in the presence of horizontal spillovers.

Design/methodology/approach:

A theoretical analysis approach is adopted to drive the paper’s findings.

Findings:

It is shown that when firms behave non-cooperatively in both the R&D and production stages, the degree of spillover has a negative relationship with the effective and respective R&D expenditures of each firm as well as the level of social welfare. An inverted-U relationship between competition and social welfare also holds. When firms behave cooperatively in the R&D stage, and non-cooperatively in the production stage the relationship between the R&D expenditure of the joint research lab and the number of firms in the market is negative.

Originality/value:

In the literature on R&D spillovers and process innovation, efforts are mostly focused on the comparative R&D expenditures and the relative social welfare between non-cooperative and cooperative R&D. The question of the effectiveness of R&D technology on the optimal number of firm, however, is not explicitly addressed. The paper is intended to address this lacuna.

Keywords: 

R&D, Competition, Social Welfare, Oriental Spillovers

Full text may be found in the Journal of Economic Studies.  

Massoud Khazabi, President, OSBE

Massoud Khazabi, President, OSBE; Part-time Professor, University of Ottawa; Senior Economist, Government of Canada

The OSBE is the first Canadian tuition-free online educational institute committed to providing affordable education worldwide. The OSBE offers Diploma and Advance Diploma programs in a wide range of disciplines such as Business Administration, Public Administration, Economics, Statistics, and Mathematics. Admission is open to all qualified individuals regardless of their age, gender, religion, or societal and economic restraints.

An ideal lifetime learning experience should not be constrained by race, color, and/or cost. The OSBE is a not-for-profit, higher educational institute committed to providing equal access to affordable education. The OSBE is also committed to supporting its graduates in their search for an appropriate job after graduation. We do this by providing resume writing, job search, and referral supports.

Massoud Khazabi, Commissioner of Oaths, Canada

Dr. Massoud Khazabi is Commissioner of Oaths, in Ottawa, ON.

Reference Link: https://pongpdf.com/recherche-dun-commissaire-a-lassermentation-hors-quebec.html

https://www.assermentation.justice.gouv.qc.ca/servicespublicsconsultation/commissaires/horsquebec/resultats.aspx

Your Life by Massoud Khazabi Quotes

Your Life (January 2019)
Imagine a complex 3D matrix of roads, wide and narrow, sometimes intersecting, connecting an origin to a final. You, among others, are in a constant motion, travelling through this complex maze. Your path crosses others’, you see them from above or below, moving in the same or opposite directions. On your way to the final, you implicate others, and they implicate you. The matrix is your life. It matters which road to take, how fast to go, where and who to meet, and with whom to compete, but none will alter the origin and final (MK, 2019).

See a video clip on this on Vimeo.