Documents 1 Economics of Innovation Welfare gains from product innovation Manuel Trajtenberg 2005.

Economics of Innovation Welfare gains from product innovation Manuel Trajtenberg 2005 Reminder: social benefits from process innovation D MC1 MC0 P0 P1 P X X1 X0 Griliches:…

Documents Economics of Innovation Welfare gains from product innovation Manuel Trajtenberg 2005

Economics of Innovation Welfare gains from product innovation Manuel Trajtenberg 2005 Reminder: social benefits from process innovation D MC1 MC0 P0 P1 P X X1 X0 Griliches:…