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The accumulation of knowledge and its application to a variety of human needs is a discontinuous process that involves innovation and change. While much has been written on major discontinuities associated, for instance, with the rise of new technologies during industrial revolutions, other...
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two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead … either mayflies or longdistance runners. -- Entry and exit ; growth ; hit-and-run competition ; innovation ; dynamic panel …
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improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and …
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