With Giuliano Preparata ABSTRACT Aim. This paper models the dynamics of technological change through the competitive interaction of two firms. The duopolists strive to outperform each other by exploiting the two fundamental Schumpeterian forces of economic development: innovation and imitation. Method. By extending over a number of periods a technological “limit-pricing model” (whereby the “learning-by-doing […]
Guido Giacomo Preparata
