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protection can stimulate innovation. However, the empirical literature has consistently found skeptical results on the positive … our model, broadening leading breadth can negatively affect innovation because each innovator is incentivized to free …
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We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality …
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This paper sets up an endogenous growth model in which public capital is a productive input and where the intermediate goods sector is characterized by monopolistic competition. The model is used to examine the effects of monopoly power, and the taxation policy on the economic growth rate. Three...
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