2A10 The Role of Market Learning as a Coordinator of Techno-Countervailing Power : An Empirical Analysis of Canon Printers based on Optimal Theory
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This analysis attempts to identify the optimal R&D investment level of the firms and corresponding optimal level of learning efforts. By means of the optimal theory postulated by Pontryagin, mathematical equations identifying firms optimal R&D intensity level and corresponding optimal levels of learning coefficient and marginal productivity of technology were developed. Taking Canon's printers development trajectories, their learning efforts were examined.
