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The history and sciences of R&D policy with Will Thomas

Acquisition Talk

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Increasing Returns to Scale and Tech Companies' Influence

The chapter explores the concept of increasing returns to scale and how tech companies like Google and Amazon take advantage of it without causing market failures. It discusses the quasi-governmental role of tech companies through acquisitions and the importance of creating platforms for third-party value creation. The chapter also touches upon the incentivization of development through VC investors and the lack of innovation in recent years.

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