introduce process innovations to lower their production costs. Product innovations introduce an escape-competition effect … coevolution of market and network structure matter for the relationship between competition and innovation. Moreover, our model … to different levels of competition in these industries. …

We develop a model to study the impact of corporate governance on firm investment decisions and industry competition … investment strategy and we study how different governance structures shape technical progress and the degree of competition over … characterized by heterogeneous governance structures generate the well-documented inverted-U shaped relation between competition and …