Destabilizing effects of market size in the dynamics of innovation

DOI10.1016/J.JET.2022.105415MaRDI QIDQ2123189zbMATH OpenOpenAlexFDO

Authors Kiminori Matsuyama, Philip Ushchev

Publication date 8 April 2022

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2022.105415

zbMATH Keywords

endogenous innovation cyclesH.S.A.Judd modelmarket size and volatilitypiecewise-linear dynamical systemprocompetitive effect

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24)

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Cited in

(4)

• Economies of scale in innovations with block-busters
• Instability and network effects in innovative markets
• Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry
• Memory loss can prevent chaos in games dynamics

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