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"Neoclassical economic theory predicts that policies that discourage the consumption of a particular good will induce … innovation in a socially desirable substitute. Evolutionary theory emphasizes the possibility of innovation waves associated with …
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Neoclassical economic theory predicts that policies that discourage the consumption of a particular good will induce … innovation in a socially desirable substitute. Evolutionary theory emphasizes the possibility of innovation waves associated with …
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Neoclassical economic theory predicts that policies that discourage the consumption of a particular good will induce … innovation in a socially desirable substitute. Evolutionary theory emphasizes the possibility of innovation waves associated with …
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Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...
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