Parallel experimentation: a basic scheme for dynamic efficiency
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DOI: 10.1007/s10818-014-9175-y
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More about this item
Keywords
Dynamic efficiency; Schumpeter; Parallel experimentation; Exploitation versus exploration; Shifting balance theory of evolution; L20; O31;All these keywords.
JEL classification:
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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