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The Economic Argument For Picking Winners In The Presence Of Increasing Returns

Description: A short note describing the qualitative arguments and stylised quantitative analysis showing why "picking winners" can be a rational strategy for governments in the presence of increasing returns t...

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A short note describing the qualitative arguments and stylised quantitative analysis showing why "picking winners" can be a rational strategy for governments in the presence of increasing returns to scale. S-curve type returns exhibiting an element of critical mass effects are assumed to exist for government investments.