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A Model of Intangible Capital

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NBER2022-08-01 更新2025-01-04 收录
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We propose a model that starts from the premise that intangible capital needs to be stored on some medium --- software, patents, essential employees --- before it can be utilized in production. Storage implies that intangible capital may be partially non-rival within the firm, leading to scale

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2022-08-01
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