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their product to market. Our findings show that these innovation opportunities were mostly recognized during time … cases, the innovation had significant impacts on the quality of lives of the patients and, in case of caregivers, on both … ailment. This finding on innovation's social component complements current research on lead-users, as the solution of one …
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Eight multilateral rounds of negotiations under the General Agreement on Tariffs and Trade (GATT) and international agreements under the World Trade Organisation (WTO) have contributed significantly to the reduction of tariffs among WTO members. However, over the years legitimate reasons for the...
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Over one million firms around the world have adopted a Quality Management System (QMS) that conforms to ISO 9001 certification in 2015 and recent figures show that certifications have rapidly increased in emerging economies. ISO 9001 is considered a signal of high quality for products or...
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In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
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In a perfectly competitive market with a possibility of technological innovation we contrast guaranteed feed-in tariffs …. Specifically, we model decisions about the technological innovation with convex costs within the framework of a game …-commitment. We find that for the case of technological innovation with convex costs subsidy policies are preferable over quota …
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