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How do communication costs affect the production of new ideas and inventions? To answer this question, we study the … showing how a fall in communication costs can increase the rate at which scientific knowledge is exchanged and new ideas and …
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Whether it was flying cars or jetpacks, we were all promised a compelling vision of the future at some point in our childhoods. And, although it may seem like science fiction, autonomous vehicles — cars that drive themselves — are more than just a promise; they are a growing reality. The...
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' benefit matches the full (immaterial) costs, in oligopolistic markets insurance firms do not fully internalize accident …
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