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technology cannot be compared to its own direct investment costs. Eureka moments are hardly ever self-enabling and incentives are … investment. We distinguish free generic technology from proprietary technologies resulting from risky investment with uncertain … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …
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technology cannot be compared to its own direct investment costs. Eureka moments are hardly ever self-enabling and incentives are … investment. We distinguish free generic technology from proprietary technologies resulting from risky investment with uncertain … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …
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profits generated by a successful innovation are discounted by the endogenous market interest rate, this raises the net …
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