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The effects of market and technological conditions on the investment and markup behavior of firms, and their resulting … decades -the chemicals and primary metals industries. The analysis is carried out using a production theory model that permits …) and technical and scientific apparatus (S). Investment behavior and thus capacity utilization are explicitly modeled as …
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This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth...
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