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Insurance has been around for more than centuries. This risk mitigation strategy has been utilized in maritime commerce as early thousand years ago, where Asian merchant seafarers were pooling together their wares in collective funds to pay for damages of individual’s capsized ship. In 2018,...
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technological innovation is apparent while technology lock-in is a rare phenomenon. Antitrust policy founded on technology lock …-in arguments is misguided and is likely to damage incentives for innovation …
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) Entrepreneurship distributed in systems of innovation, 3) Entrepreneurs changing selection criteria, and 4) Rationality vs. uncertainty …
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