Sanditov, Bulat - Vienna University of Economics and Business Research … - 2004
, but rather on the exchange of information. In a ‘knowledge economy’ technologies
are no longer embedded in capital goods … easy if not
impossible to exclude somebody from the profit generated by his knowledge. Would it
mean that the ‘information … overwrite locally emerging
knowledge). In addition, in the case of agents with heterogeneous preferences lock-in to
an inferior …