Recent empirical studies suggest that there is a rising trend of market power across sectors in advanced economies. We contribute to this line of research by providing industry-specific evidence for German manufacturing industries, based on representative high-quality firm level data from...

The relationship between market concentration and quantity of patent activity may reveal more than the validity of Schumpeter’s (1942) hypothesis that innovation is greater in imperfectly competitive markets. Empirical estimates of the relationship may reveal the relative importance of...