Lessons from Abroad

Abstract

A Underlying AssumptionsHow plausible are the assumptions that are required in order for the revenue equivalence theorem to hold?First, let the various costs to host communities from hosting a research initiative be represented as c i , where i represents each potential host community.From the point of view of the other communities this value is a random variable independently drawn for each country from some distribution with a cumulative distribution p(•).Let v represent the surplus value generated by the study for the researcher.We then assume: