Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … and cost competition but also competition by innovations. Thence he overlooks the ambiguity that follows from the …

This paper analyses the relationship between past innovation output, competition, and future innovation input in a … dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product … results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively …

How do financial constraints influence innovative activities of firms? In a two-period model of price competition with … and might even become a monopolist in the second period of competition. If we finally assume that both firms are … financially constrained and apply for a loan at their house bank, we can show that Innovation activities are further reduced and …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … in the industry. Moreover, it is shown that increased intensity of competition can increase the relative profitability of …

the only way to fight against the economic gravity that takes more business, investment and innovation to China and other … innovation. To address climate change, Europe need as much technological progress as it can muster. …

competition arising from trade reforms lead to increases in innovation? This paper attempts to examine the link between trade … Licandro (2009, 2010) as guide, a two-stage approach is tested where trade and innovation are linked via competition. A … liberalization has significant positive impact on innovation through competition.Given the crucial role of competition in the …

in resolving or channeling the major societal questions. More European competition between universities in education and … research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …

Wissensverarbeitung, das dem Wettbewerb wichtige gesellschaftspolitische Funktionen zuschreibt. In seinen späteren Schriften hat er … herausgearbeitet, wie wichtig der Wettbewerb ist, um moralische Widerstände gegen nötige Anpassungen an veränderte … knowledge, which ascribe important societal functions to competition. In his later works, he has elaborated his view that …

capacity to handle innovation projects internally and as competition increases, so does the payoff of an edge to competitors. …The central prediction of the Aghion et al. (2005) model is an inverted U-shaped relation between innovation and … competition. The model is built on the assumption of a product market and has not yet been empirically tested on service …

duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …