LIBROS DEL AUTOR: dietmar hornung

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  • Investment, R&D, and Long-Run Growth
    Dietmar Hornung
    In the 1990s, growth theory has incorporated imperfect competition in its investigations. This innovation has proven to be seminal: Cleviating from growth models with perfect competition, the new framework featured forward­ looking entrepreneurs. Firms maximize profits intertemporarily, i. e. their in­ vestment leads to instantaneous sunk costs and of...
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