cost efficiency and productivity, profitability, non-performing assets and technology use. The authors use specific … Consolidation -- Chapter 4: Concentration and Competition -- Chapter 5: Cost Efficiency and Productivity -- Chapter 6: Profitability …

innovation. Innovation changes the status quo pay-off, and thereby affects the distribution of the gains from collusion. The … resulting innovation incentive is strictly smaller than in the competitive case …

managerial risk tolerance of innovation investment. Consistent with that, we find that product market power is positively … associated with firm innovation input and output. Additionally, consistent with learning from the leader’s market valuation, we … find that firm innovation is positively and significantly sensitive to market valuation of its product market leader …