Aghion, Philippe; Bechtold, Stefan; Cassar, Lea; Herz, … - National Bureau of Economic Research (NBER) - 2014
In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same...