Advertising and innovation are two engines for firms to escape competition through a better attraction power toward …

This paper examines the impact of financial constraints on innovation for established firms. We make use of a direct …

competition on R&D according to the cost of the innovation. The effect of competition on R&D is an inverted U-shape. However, the … shape is flatter and competition policy is therefore less relevant for innovation when innovations are relatively costly …. Intuitively, if innovations are costly for a firm, competitive shocks have to be significant to alter its innovation decisions …

build our results on the non ambiguous notion of innovation of a stochastic process and we consider the impact of any kind … qualitative or quantitative information, either on the innovation or on the future responses, as well as informations on filters …

potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background …