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We investigate the nature of price competition among firms that produce differentiated products and compete in markets that are limited in extent. We propose an instrumental variables series estimator for the matrix of cross price response coefficients, demonstrate that our estimator is...
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Market growth is driven by product innovation. Beyond functional satiation the marginal utility of product performance … and variety decreases. We argue that social comparisons underlying innovation diffusion results in consumer motivations … account of consumption motivations beyond functional satiation. -- Product Innovation ; Innovation Diffusion ; Consumption …
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Contemporary intellectual property theory concentrates on the cumulative and incremental nature of innovation and … different type of innovation that has been largely overlooked by IP theory and doctrine. Innovation in the domains of science … nonlinear innovation. Drawing on multidisciplinary research ranging from the history of science, through network analysis of …
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