Explaining the Role of Specialized Catalysts as Protectors of Technological Knowledge of Refining and Petrochemical Processes

Innovative firms operating in the refining and petrochemical industry protect their innovative process technologies through patent; however, patents do not protect them completely.Because of the low effectiveness of patent for the protection of process technologies in the refining and petrochemical industries, these companies in order to consolidat

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Institutional Framework of Income Inequality in Modern Economy

The subject of this paper is interpersonal income inequality in Russia and in the world and its institutional framework.On the basis of in-depth analysis of the literature we explore the causes and consequences of inequality and its relationship with economic development.We distinguish four basic causes of income inequality: natural and acquired fe

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