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 …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …

We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a … intellectual property rights. The further impact of fewer competitors is to raise R&D, when initial competition is strong, but to … reduce it, when initial competition is weak ("inverted U"). …

explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …

We test whether intellectual property rights (IPRs) foster or hinder innovation by estimating IV structural equations … actually use IPRs. The further impact of fewer competitors is to raise R&D, when initial competition is strong, but to reduce … it, when initial competition is weak ("inverted U"). …