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Persistent link: https://www.econbiz.de/10010339651
In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same...
Persistent link: https://www.econbiz.de/10013056594
Persistent link: https://www.econbiz.de/10011975113
In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same...
Persistent link: https://www.econbiz.de/10012458677