Construct · 1 fields · 1 citations

Arrow replacement effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
Arrow replacementeffect1 CONSTRUCTArrow replacement effectARROW · ECONOMICS OF

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Economics of innovation and growth

the weaker incentive of a monopolist to innovate than an entrant, because the innovation replaces profits the monopolist already earns.

In economics of innovation and growth, Arrow replacement effect refers to the weaker incentive of a monopolist to innovate than an entrant, because the innovation replaces profits the monopolist already earns. This meaning comes from Arrow (1962) in The Rate and Direction of Inventive Activity.[1]

Unit
Recovery means
Measured by

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Nearby constructs

Arrow information paradox1 fields · 1 citationsanchor · a standalone constructintellectual property2 fields · 2 citationsjingle · one word, two carriersknowledge6 fields · 12 citationsjingle · one name, six constructs

References

  1. Arrow, K. J. (1962). Economic Welfare and the Allocation of Resources for Invention. In The Rate and Direction of Inventive Activity (pp. 609-626). Princeton University Press. https://doi.org/10.1515/9781400879762-024

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