Market Failures

In course

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Description

This lecture covers the concept of market failures in innovation, discussing how poor markets, non-existing markets, and dysfunctional markets can hinder business innovations. It explains the challenges faced by innovators due to positive spillovers, uncertainty, high fixed costs, and low marginal costs. The instructor also explores the impact of knowledge spillovers, complementary assets spillovers, and network spillovers on innovation strategies.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_7b4ye5ht

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