Showing 1 - 4 of 4
"We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10003960396
Persistent link: https://www.econbiz.de/10010256223
“cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012825884
Persistent link: https://www.econbiz.de/10009789833