
Baseline:
     entry        R&D      fixed 
    0.0000     0.0000     0.0000  rate
    0.0000     0.0000     0.0000  cost

    xEntry       xlow      xhigh     philow    phihigh    qminlow   qminhigh     Lrd2Ls        tau     growth    welfare
    0.0171     0.0508     0.2969     0.2292     0.0463     2.1550     1.1864     0.2547     0.0425     0.0192     1.0000



Social planner, full:
     entry        R&D      fixed 
    0.0000     0.0000     0.0000  rate
    0.0000     0.0000     0.0000  cost

    xEntry       xlow      xhigh     philow    phihigh    qminlow   qminhigh     Lrd2Ls        tau     growth    welfare
    0.0195     0.0529     0.3503     0.1693     0.0663     2.5676     0.5392     0.3629     0.0517     0.0234     1.0188



Optimal incumbent and operating policy:
     entry        R&D      fixed 
    0.0000     0.0736    -0.4108  rate
    0.0000     0.0032    -0.0624  cost

    xEntry       xlow      xhigh     philow    phihigh    qminlow   qminhigh     Lrd2Ls        tau     growth    welfare
    0.0180     0.0572     0.3380     0.2034     0.0510     2.3344     1.4989     0.3117     0.0469     0.0212     1.0075


