Cavenaile, Laurent; Celik, Murat Alp; Roldan-Blanco, Pau; … - 2021
Firms use both innovation and advertising to increase their profits, markups, and market shares. While they serve the … which market structure is endogenous, and firms' production, innovation, and advertising decisions strategically interact …. We estimate the model to fit the non-linear relationship between innovation, advertising, and competition observed in the …