Market Failures: Innovation Challenges

In course

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Description

This lecture discusses the challenges of innovation due to market failures, focusing on four types: positive externalities, unhedged uncertainty, high fixed costs, and coordination failures. It explores how these failures impact the innovation process, financing difficulties for small firms, and the role of large firms in overcoming market obstacles.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_b25tc5ei

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Ontological neighbourhood

Economics

Macroeconomics: Markets

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