I re-examine the inverted-U relationship between competition and innovation (originally modeled and tested by Aghion et … between competition (as measured by the inverse of markups) and innovation (as measured by citation-weighted patents). The … competition by using a trade-weighted average of industry exchange rates as the instrument. I find a mildly negative relationship …

I re-examine the inverted-U relationship between competition and innovation (originally modeled and tested by Aghion et … competition by using various measures of foreign competition as instruments. I find a positive relationship between competition … (as measured by the inverse of markups) and innovation (as measured by citation-weighted patents). The positive …

of innovation in which developers of technologies, service suppliers and customers contribute to the process of …

This paper investigates the relationship between product market competition and innovation. It uses the radical policy … competition and patenting. It then develops an endogenousm growth model with step-by-step innovation that can deliver this … inverted-U pattern.In this model, competition has an ambiguous effect on innovation. On the one hand, it discourages laggard …

appropriation effect which has decreased innovation by 19.5 percent after deregulation, and (b) the competition effect which has …This paper studies the innovation response of upstream technology suppliers when their downstream technology buyers … transition from regulation to product market competition. First, we develop a theoretical framework that models this particular …

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among … developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also …