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Competition, R&D and the cost of innovation

Askenazy, Philippe; Cahn, Christophe; Irac, Delphine - HAL - 2008

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 …

Persistent link: https://www.econbiz.de/10010738755

Advertising and R&D: Theory and evidence from France

Askenazy, Philippe; Breda, Thomas; Irac, Delphine - HAL - 2010

This paper exploits a unique panel of 59,000 French firms over 1990-2004 to investigate the interactions between R&D, advertising and the competitive environment.The empirical findings confirm the predictions of a dynamic model that complements results known in static frameworks. First, more...

Persistent link: https://www.econbiz.de/10010738853

Credit constraints and the cyclicality of R&D investment: Evidence from France

Aghion, Philippe; Askenazy, Philippe; Berman, Nicolas; … - HAL - 2008

We use a French firm-level data set containing 13,000 firms over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is...

Persistent link: https://www.econbiz.de/10010930234