Sentence examples for level of substitutability from inspiring English sources

Yet a relatively high level of substitutability is found to be beneficial for explorative inventions.

Conforti (2004) sees product homogeneity, that is to say, the level of substitutability between products across different markets, to be particularly important to world rice markets.

Using patent data from 1968 to 2002 in the semiconductor industry, we find that the overall level of complementarity between knowledge components positively contributes to firms' inventive capability, whereas the overall level of substitutability between knowledge components generally has the opposite effect.

Intra-class correlation coefficients (ICC) were calculated to assess the level of substitutability between patient-patient and patient-by-proxy VAS and utility values.

Lower degree of complementarity or higher degree of substitutability between the services (increasing s) makes it less (more) likely that prices increase with β under Bertrand (Cournot) competition.

Moreover, (t) can be interpreted as the degree of substitutability, so a higher (t) indicates that platforms are less substitutable.

These effects are strengthened the greater the degree of substitutability or complementarity between the services.

It is, however, ambiguous how a higher degree of substitutability between the services will influence the difference between Bertrand and Cournot prices.

To what extend the share can be increased depends on the degree of substitutability of the specific product (price elasticity of export demand σ i XD ).

Note that the equilibrium price under collusion is independent of the degree of substitutability or complementarity between the services (the s value).

Labor regulations are such that formal and informal men have a higher degree of substitutability in the production process than formal and informal women.