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- W3118744585 abstract "Motivation: This article sets out to clearly elaborate upon the relationship between market structure and firms’ R&D — the problem formulated by Joseph Schumpeter and widely discussed in the history of economic thought.Aim: This paper aims to explain the main controversies which occurred in economic literature over the Schumpeterian hypothesis.Results: The sources of controversies mentioned above are identified. Those controversies boil down to the following points: (1) ‘early’ or ‘late’ Schumpeter, (2) firm size or market power, (3) demand-side or supply-side arguments, (4) structure in R&D stage or structure in product market stage, (5) type of R&D considered (process or product). The classification of standpoints on the relationship between market structure and firms’ R&D is proposed. The above classification allows to understand complexity of the ‘market–R&D’ links, and avoid at least some controversies over the Schumpeterian hypothesis." @default.
- W3118744585 created "2021-01-18" @default.
- W3118744585 creator A5049275897 @default.
- W3118744585 date "2020-12-31" @default.
- W3118744585 modified "2023-09-23" @default.
- W3118744585 title "Schumpeterian hypothesis revisited: on market structure and firms’ R&D" @default.
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- W3118744585 doi "https://doi.org/10.12775/eip.2020.045" @default.
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