It is usually believed that higher competition, implying more active firms, benefits consumers. We show that this may …

competition policy... …

model features both private learning about the market condition and market competition, which give rise to the first …

becomes convoluted with information and payoff spillovers. The threat of competition pushes firms to enter earlier to preempt … elusive link between static market competition and dynamic entry competition. …

model features both private learning about the market condition and market competition, which give rise to the first …

competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …