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Front cover -- The Economics of Innovation -- Copyright page -- Contents -- List of Contributors -- The Editors … -- Acknowledgements -- Appendix -- References -- Chapter 2. Innovation, Duplication, and the Contract Theory of Patents -- Abstract -- 1 …
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We model the optimal behaviour of a multiproduct monopolist investing both in process and in product innovation in a … dynamic setting. Product innovation reduces the degree of substitutability between any two varieties. First, we find that R …
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