of intermediation in innovation. …

This paper proposes a novel mechanism whereby larger markets increase competition and facilitate process innovation … break even. This facilitates process innovation as larger firms can amortize R&D costs over more goods. We demonstrate this … mechanism in a standard model of process and product innovation. In doing so, we question some important results in the new …

that influence innovation by firms and their subsequent growth. Our data come from a survey of nearly 4,000 firms in 24 … and opportunities for innovation, virtually every firm that emerged from central planning was maladapted to the new … competition in market economies. We find evidence of the importance of a minimum of rivalry in both innovation and growth: the …

By choosing their organizations, firms trade-off productive efficiency and time spent in implementing innovation. We …