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This paper puts forth a unified theory of growth that captures a number of relevant features of countries' transitions … literature. In our theory, increasing variety of consumer goods and increasing firm size, which are the consequence of a gradual …
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The paper introduces a new simulation model of market dynamics by integrating several concepts of evolutionary economics. In the course of market evolution various changes take place of which the emergence of consumers' preferences and of the knowledge that is needed to meet these preferences...
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