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segmentation) shaped the underlying incen- tives for innovation in the PC industry during the mid to late 1980s …
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segmentation) shaped the underlying incen- tives for innovation in the PC industry during the mid to late 1980s …
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We evaluate the sources of transitory market power in personal computers in the late 1980s to explain how high rates of imitative entry coexisted with high rates of innovative investment. We measure the impact of different principles of differentiation (PDs); each PD reflects a distinct notion...
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