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Efficient access to existing knowledge is essential to technical advance, yet little is known about how access-enhancing institutions shape intertemporal knowledge spillovers. In this paper, I investigate the cumulative technological impact of the CNIDR AIDS Database, the first,...
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. Consumers face low search costs for price information from Amazon.com. It leads to a higher price elasticity when the firm … reduces prices than when it increases prices, increasing Amazon's incentive to engage in price competition. On the other hand …, consumers face relatively higher search costs for price information from Barnes & Noble. This leads to a lower price elasticity …
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