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Competition, Market Selection and Growth

ECONOMIC JOURNAL, no. 545 (2010): 761-785

Cited by: 1|Views8
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Abstract

We study the effect of the competitive selection process on the economy's rate of growth. In an extension of standard quality-ladder models of endogenous growth, we allow for the possibility that in each period several asymmetric firms (representing an endogenously determined number of past innovators) may be simultaneously active in an i...More

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