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I study the relationship between competition and innovation, focusing on the distinction between product and process … competition and innovation, which focused on process innovations. New products allow firms to differentiate themselves from one … another. I demonstrate that the competition level that creates the most innovation incentive is higher for process innovation …
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Liberalized electricity markets are characterized by fluctuating priceinelastic demand of non-storable electricity, often defined by a substantial market share held by one or few incumbent firms. These characteristics have led to a controversial discussion concerning the need for and the design...
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