belief in the innovation-boosting effect of product market deregulation such as taken into account in the Lisbon Strategy. …

competition on R&D to the cost of 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 …

Innovation is the major instigator in competitive industry. The competition for innovation is traditionally analyzed … of Boone (2001) in order to determine the choice of positioning in a context of cumulative innovation. Thus, taking into … (called first mover) to implement cumulative innovation in order to maintain its position in spite of the investments of …