PATENT CLIFF
Patent cliff happens when the revenues of a firm could "fall of a cliff" if one or more of their established products go patent expiry or off-patent because these can be faked by competitors and sold them for cheaper prices. Even though it can be applied to any business field, the term pattern cliff has recently become exclusively associated with the pharmaceutical industry.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Ethical Investing: Socially Responsible Investing
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