information and competence of households, in combination with stiffer competition among firms, will also increase the power of …

Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …

competition. They are necessairy both selective and superficial. Multinationals are conspicuous by their absence, and the reader …

We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … in the industry. Moreover, it is shown that increased intensity of competition can increase the relative profitability of …