There has been a remarkable amount of innovation in the automotive industry since these vehicles were first invented. Almost since a decade, a significant amount of technology has been introduced into the ever evolving automobile innovation connected to alternative powered vehicles, navigation...

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market's economic importance, market dynamics, and the significant...