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We develop a product market theory that explains why firms invest in general training of their workers. We consider a …
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This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product …
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characterizes the conditions for which, under Cournot oligopoly, existing firms behave more collusively than in a standard Cournot …
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conditions for which, under Cournot oligopoly, existing firms behave more collusively than in a standard Cournot model. It is …
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