Showing 1 - 5 of 5
We study how competition affects innovation (and welfare) when firms compete both in the product market and in innovation development. This relationship is complex and may lead to scenarios in which a lessening of competition increases R&D and consumer welfare in the long run, which is in...
Persistent link: https://www.econbiz.de/10012985316
We study how competition impacts innovation (and welfare) when firms compete both in the product market and in innovation development. This relationship is complex and may lead to scenarios in which a lessening of competition increases R&D and consumer welfare in the long run, contradicting...
Persistent link: https://www.econbiz.de/10012929200
Persistent link: https://www.econbiz.de/10013271953
Persistent link: https://www.econbiz.de/10012321202
Persistent link: https://www.econbiz.de/10012522802