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We develop a monopolistic competition model to investigate effects of international technological convergence on factor rewards, output composition, and welfare. Comparative static analysis indicates technological convergence improves the follower's—but impairs the leader's—international...
Persistent link: https://www.econbiz.de/10009394132
Persistent link: https://www.econbiz.de/10010116432
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We develop a monopolistic competition model to investigate effects of international technological convergence on factor rewards, output composition, and welfare. Comparative static analysis indicates technological convergence improves the follower'sbut impairs the leader'sinternational...
Persistent link: https://www.econbiz.de/10014218947
We develop a monopolistic competition model to investigate effects of international technological convergence on factor rewards, output composition, and welfare. Comparative static analysis indicates technological convergence improves the follower's-but impairs the leader's-international...
Persistent link: https://www.econbiz.de/10005686161
Persistent link: https://www.econbiz.de/10010696717