paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

entrepreneur has strong incentives to invest in the initial user base of the innovation. … option of selling to an incumbent increases innovation incentives for entrepreneurs when network effects are strong and … necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the …

the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We …To stay on top of global competition, firms and governments often need to acquire innovative goods and services … potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms …

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by … that export, invest in human capital or R&D, or have prior innovation experience. We also find that SOEs with internal R …

European Union countries have implemented widespread reforms to product markets in order to stimulate competition …, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme … (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and …