in particular to in-vehicle driving assistance systems and suggesting the various possible innovation and pricing … are two options, i.e. disruptive innovation which is by essence very risky and incremental innovation with each major …

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 …