Bianchi, Milo; Henrekson, Magnus - Economics Institute for Research (SIR), … - 2005
of the capitalist economy. Implementing innovations (e.g. introducing new goods, new methods of … innovations are impossible to quantify (and thus incorporate
uncertainty), but then any ambition to provide an explicit model of …
industrial organization (see Tirole 1998). Innovations typically emerge according to some stochastic
process dependent on the …