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empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission. …
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idiosyncratic productivity variation together with network amplifications. …
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This paper studies how network structure can affect the speed of adoption. In particular, we model the decision to adopt Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies adoption costs. Moreover, packages form...
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