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This paper proposes a reduced form model of dynamic duopoly in the context of heterogeneous innovations framework. Two agents invest into product and process innovations simultaneously. Every newly introduced product has its own dimension of process-improving innovations and there is a continuum...
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The main objective of this paper is to analyze the links between product market competition, innovation and growth. In … a step-by step innovation model we explicitly introduce the distinction between knowledge and technology information … flow increases the positive effect of competition on innovation and growth while the technology information flow has a …
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