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Price bubbles in multiple assets are sometimes nearly coincident in occurrence. Such near-coincidence is strongly suggestive of co-movement in the associated asset prices and likely driven by certain factors that are latent in the financial or economic system with common effects across several...
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We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
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We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
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