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Empirical data suggest that new firms tend to grow faster than incumbent firms in terms of their productivity. A sticky-price model with learning-by-doing in new firms fits this data and predicts that for plausible calibrations, the optimal long-run inflation rate is positive and between 0.5%...
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The cognitive science of innovation tools / Arthur B. Markman and Kristin L. Wood -- On "out-of-the-box" thinking in … -- Supporting innovation by promoting analogical reasoning / Arthur B. Markman ... [et al.] -- Constraints and consumer creativity ….] -- ConceptNets for flexible access to knowledge / Thomas B. Ward -- Innovation through transformational design / Vikramjit Singh …
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