Distorted Innovation: Does the Market Get the Direction of Technology Right?
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https://www.nber.org/papers/w30922
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资源简介:
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes potential
提供机构:
美国国家经济研究局
创建时间:
2023-02-01



