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In his groundbreaking work Sources of Innovation, Eric von Hippel discussed from where in (and out of) the value-chain innovations came in different industries: the customer, the manufacturer, the supplier, or third-party innovator (universities, research laboratories, etc.). The world has...
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in most cases, they organized as natural monopoly markets. This article examines the three variants for the formation of … prices for household consumers on monopoly district heating market: market equilibrium of supply and demand for heat energy … classical model of monopoly market. The model was applied to conduct the studies on a heat supply system with three heat sources. …
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I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We obtain three results that contrast with standard...
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This paper studies the welfare consequences of a government regulation that forces a patented equipment to be supplied by a number of independent producers. On the one hand, such a regulation hurts the value of a patent and therefore reduces activities in the R&D sector. On the other hand, the...
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