Competition and Growth with Step-by-Step Innovation: An Example.
This paper develops a simple example to analyze the relationship between product market competition and growth in a model with step-by-step innovations, where laggards can never leapfrog the current industry leaders but instead must first catch up with the leaders before battling for technological l...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1997
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