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A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
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, constructed from the World Values Survey, to review and extend the literature on the effect of family ties on economic behavior …
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the traditional max operator. The agent builds (as economists do) a simplified model of the world which is sparse …
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