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innovation, with an emphasis on Joseph Schumpeter’s theory, then, the influence of innovation on economic activity fluctuations …
Persistent link: https://www.econbiz.de/10010607259
This paper introduces three methodological advances to study the optimal design of static and dynamic markets. First, we apply a mechanism design approach to characterize all incentive-compatible market equilibria. Second, we conduct a normative analysis, i.e. we evaluate alternative competition...
Persistent link: https://www.econbiz.de/10008530381
This paper compares and contrasts the contributions of Joseph Alois Schumpeter and Josef Steindl to the competitive …
Persistent link: https://www.econbiz.de/10005184764
economists of the 19th and 20th Centuries. Schumpeter’s central theme of technological innovation for long-term economic growth … makes his work particularly interesting to development economics. However, Schumpeter’s rejection of the State’s role in … application of Schumpeter’s theory of the State to new industrializing countries in East Asia and Latin America. …
Persistent link: https://www.econbiz.de/10005747225
The present study examines the importance of Schumpeterian profits in the United States economy. Schumpeterian profits are defined as those profits that arise when firms are able to appropriate the returns from innovative activity. We first show the underlying equations for Schumpeterian...
Persistent link: https://www.econbiz.de/10005593448
to reduce unemployment and to increase social welfare. To carry out this analysis we base on Schumpeter's model, playing …
Persistent link: https://www.econbiz.de/10010575522
Schumpeter, a century ago, argued that boom-and-bust cycles are intrinsically related to the functioning of a … evolve and assimilate successive technological revolutions. Furthermore, Schumpeter's analysis stressed the fundamental role …
Persistent link: https://www.econbiz.de/10010583574
What circumstances allow businesses to flourish in a stagnant world economy? We ask that question in our discussion of the uniquely favorable circumstances of the biotechnology sector in Lithuania. The purpose of this paper is to analyze Lithuania’s ability to expand its economy during a time...
Persistent link: https://www.econbiz.de/10008774330
Schumpeter’s idea that innovations can be described as new combinations often is understood as a mere metaphor and …
Persistent link: https://www.econbiz.de/10008805477
This paper introduces three methodological advances to study the optimal design of static and dynamic markets. First, we apply a mechanism design approach to characterize all incentive-compatible market equilibria. Second, we conduct a normative analysis, i.e. we evaluate alternative competition...
Persistent link: https://www.econbiz.de/10011092580