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innovation intensity to escape competition. The U-shaped relation is more pronounced in industries where firms compete in …
Persistent link: https://www.econbiz.de/10012890304
firm will choose to reduce product diversity which intensifies price competition. We have also examined the role of …
Persistent link: https://www.econbiz.de/10014555500
Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon … relationship is reasonably non-linear; (2) higher market-wide competition results in an increase in patenting, and the relationship …
Persistent link: https://www.econbiz.de/10011342391
anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …
Persistent link: https://www.econbiz.de/10010229899
anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …
Persistent link: https://www.econbiz.de/10014149809
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 … provide conditions for when competition increases or decreases industry innovation and welfare. These conditions are based on …
Persistent link: https://www.econbiz.de/10012929200
We analyze entry of a firm with a new and differentiated product into a market with two properties: An existing incumbent has a captive consumer base, and all consumers have heterogeneous tastes. The interaction of the share of captive consumers with the degree of taste heterogeneity leads to...
Persistent link: https://www.econbiz.de/10012520198
competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …
Persistent link: https://www.econbiz.de/10013171861
Recent merger decisions by competition authorities have revived the debate on the relationship between competition and … competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …
Persistent link: https://www.econbiz.de/10012932579
We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes … both the long-run innovation rate and market structure. We use the model to examine how various determinants of competition …
Persistent link: https://www.econbiz.de/10014042417