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Keyword: endogenous sunk costs;
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Jian Tong
This paper studies the role of quality competition in endogenous growth and institutional factors which can affect growth through affecting quality competition. The R&D-based growth literature as it stands attributes the...Read more...
September 1999
George Symeonidis
This paper examines the impact of price competition on advertising/R&D expenditure and market structure. General theoretical results are derived which restrict the space of possible outcomes regarding the behaviour of co...Read more...
June 1997