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When startup innovation involves a potentially disruptive technology - initially lagging in the predominant performance … commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …
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We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
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This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1...
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We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …
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