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This paper studies the diffusion of multiple, related technologies among firms. The results suggest an endogenous acceleration mechanism of technology adoption: The more advanced a firm is in using a particular set of technologies, the more likely it is to adopt additional, related technologies....
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We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry … conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market …
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