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Induction and Evolution in the Origin of Inventions: Evidence from Smoking Cessation Products

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NBER2010-11-01 更新2025-01-04 收录
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Neoclassical economic theory predicts that policies that discourage the consumption of a particular good will induce innovation in a socially desirable substitute. Evolutionary theory emphasizes the possibility of innovation waves associated with the identification of new dominant designs. We

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2010-11-01
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