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effect of recombinant innovation of the two technologies. A mechanism of endogenous competition is described involving a … positive externality of increasing returns to investment which are counterbalanced by recombinant innovation. We determine … innovation. …
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possible to appreciate the key role pecuniary externalities play both in the generation and in the exploitation of … technological knowledge. Pecuniary externalities affect access to external knowledge and its localized appropriation, by the … local and technological innovation systems and the dynamics of innovation cascades …
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