Colombo, Luca; Labrecciosa, Paola - In: Journal of Evolutionary Economics 22 (2012) 5, pp. 1009-1027
dynamics of productive efficiency. Specifically, we study the long run impact of inter-firm knowledge diffusion on market power … specific investments in human capital. We show that: under (i), knowledge diffusion reduces market power; under (ii), knowledge … that: under (i), knowledge diffusion is always welfare-enhancing; under (ii), weak spillovers are required in order for …