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We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to invest more. We test these predictions with a Tobit model based on a unique dataset...
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simple market and product research methodology", for the existing product in the existing market. These operational steps … operationally carried out in this paper. Namely, this paper through its structure follows the proposed methodology as an example of … importance of purchasing domestic products (H-3). The assumption is that the proposed methodology is correlated with hypotheses H …
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