This paper investigates the joint effect of consumers' environmental concerns and product-market competition on firms … intuition that socially responsible consumers induce firms to escape competition by pursuing greener innovations. To test and … quantify the theory, we bring together patent data, survey data on environmental values, and competition measures. Using a …

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …

In this paper, we design two laboratory experiments to analyze the causal effects of competition on step …-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by … that increased competition leads to a significant increase in R&D investments by neck-and-neck firms. Second, increased …

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …

industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We … measure competition using the Lerner Index and include as industrial policies subsidies, tax holidays, loans, and tariffs …. Measures to foster competition include policies that are more dispersed across firms in a sector or measures that encourage …