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Open AccessQuality-adjusted productivity gain in the propagation of innovation
We introduce a class of production function whose inputs and outputs constitute multiples of quality and quantity. Under the efficiency unit approach, we precisely reduce innovation regarding qualitative and q...
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Open AccessQuality Adjustment in Non-spanning Markets with Variety Aversion
This paper examines the dynamic process of quality adjustment in cases where the economy lacks a sufficient number of markets for coordinating the level of attributes that configure the qualities of products. ...
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Open AccessEditorial