How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple … rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by …

firm growth, survival, size and age. While these studies have resulted in findings that are sufficiently consistent as to … relationships between firm age and size on the one hand, and survival and growth on the other may, in fact, not be the same in … services. The results suggest that the most fundamental relationships between firm size, age, survival and growth are …

When new technologies become available, it is not only essential that firms have the correct investment incentives, but … often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …

performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their … investment incentives at the margin are poorer; indeed, under reasonable assumptions on the shape of the demand distribution, the … discriminatory auction induces (weakly) stronger investment incentives than the uniform-price format. …