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Materias / palabras clave: Product differentiation; Competition (biology); Economics; Product (mathematics); Microeconomics; Mathematics; Cournot competition; Biology; Geometry; Ecology

This paper attempts to explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization. We first set aside the presumption that a corporation...

Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a ...