-level productivity growth, and an inverted-U relationship between competition and firm-level innovation. Notwithstanding the positive …I incorporate an insight of Friedrich Hayek - that competition allows a thousand flowers to bloom, and discovers the … best among them - into a model of Schumpeterian innovation. Firms face uncertainty about the optimal direction of …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

Innovation entsteht kein Produkt. Wie sich Unternehmer beim Hervorbringen von Innovationen verhalten, ist aber weitgehend … unbekannt – und damit auch, welches Verhalten sich positiv und welches sich negativ auf eine Innovation auswirkt. Ueber dieses …

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and … strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is … conducive to long-term investments in new business activities. This way, the development of innovation policy in SMEs forms an …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the entrepreneurial effort … that high-quality inventions are sold under bidding competition. Asymmetric information problems are shown to be solved by …

answer this question, the paper focuses on the problem of investment and innovation in an ex ante regulated sector. Relying …

competition. This paper proposes that the remaining distribution companies be privatised with a view to raising the level of cash … regulator, and modified regulatory rules to improve risk allocations and strengthen incentives. On competition, the paper …

in various sectors of the Danish economy. It looks at a number of indicators of the strength of competition — including … competition legislation framework. The paper then focuses on the large public sector, which has been slow to open up to … competition, partly because of regulatory restrictions but also because some local governments are too small to handle tenders and …

Vigorous product market competition plays a central role in bolstering productivity growth. Sweden has strengthened … competition legislation and deregulated a number of sectors, including electricity, telecommunications and parts of transport …, over the past 10 to 15 years. This paper examines the current state of product market competition and proposes further …