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 …

This paper develops an innovation model where firms choose which research paths to follow. Contrary to most of the … literature which focuses only on the level of investment in innovation, this model captures both the variety of research paths … amount of duplication of research. An increase in the intensity of competition among firms leads to an increase in the …

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