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, production costs are lower for those goods that are more similar to existing ones because of spillover effects in the lesrning …
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, production costs are lower for those goods that are more similar to existing ones because of spillover effects in the lesrning …
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marginal costs of production. …
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newspapers in that costs of news production are recouped via advertising. We build a stylized model that rationalizes these facts …. Our model captures three conflicting effects: (1) economies of scale in the production of news lead to monopolies on …
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