, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme … (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and …

for consumers. In a formal model, we argue that retailer market power reduces upstream firms incentives to introduce new … supports the proposition of a detrimental effect of retailer market power on product innovations. This effect is mitigated if … manufacturing firms also have some market power (countervailing power). Innovations are positively related to firm?s market share in …

in the domestic market. With the reduction in price cost margins, profits fall and increases the productivity threshold … above which firms can operate profitably. This forces inefficient firms out of the market and resources are reallocated from … markets. The presence of trade barriers or government regulations that limit market entry can create inefficiencies leading to …

&D cartelisation, and full industry cartelisation strategies of firms operating on a market with differentiated goods and simultaneous … innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They …