, the leader’s R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain … causes an equilibrium where the incentives to innovate are highest when competition is most intense. -- competition …

accumulation the leader's R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain … causes an equilibrium where the incentives to innovate are highest when competition is most intense. -- competition …

This paper investigates how competition and firm size affect the relationship between market uncertainty and Ramp …;D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest …;D investment is smaller in concentrated markets - those where market power is higher and strategic rivalry is more intense. Further …

of international trade which incorporates the new trade theory as well as aspects of the theory of multinational …

proposed by the OECD, is helpful to mitigate harmful competition for paper profits, but it comes at the price of increased … strategic competition in direct R&D subsidies to attract physical R&D units instead of intangible patents. …

taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central …-level investment efficiency while reducing the level of investment. Our paper provides timely empirical evidence to inform expectations …