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Front cover -- The Economics of Innovation -- Copyright page -- Contents -- List of Contributors -- The Editors … -- Acknowledgements -- Appendix -- References -- Chapter 2. Innovation, Duplication, and the Contract Theory of Patents -- Abstract -- 1 …
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We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
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