Lima, Gilberto Tadeu - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 215, pp. 447-475
plays a pivotal role. The innovationrate is made quadratic in market concentration, to capture a plausible neo …-Schumpeterian non-linear influence of market structure on firms' propensity to innovate. Concentration is endogenous, though, since … will then be non-linear in concentration, and the effect of changes in concentration on capacity utilisation, growth and …