Eric Maskin Quotes
Specifically, in the software industry, progress is highly sequential: progress is typically made through a large number of small steps, each building on the previous ones.
Citations
Bessen, James, and Eric S. Maskin. "Sequential Innovation, Patents, and Imitation." The RAND Journal of Economics, vol. 40, no. 4, 2009, pp. 611-635.
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Eric Stark Maskin is an American economist and 2007 Nobel laureate recognized with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory". He is currently Adams University Professor and Professor of Economics and Mathematics at Harvard University.