Carlin, Wendy; Schaffer, Mark; Seabright, Paul - In: Contributions in Economic Analysis & Policy 3 (2004) 1, pp. 1-43
This paper examines the importance of competition in innovation and the growth of firms. We make use of the large-scale natural experiment of the shift from an economic system without competition to a market economy to shed light on the factors that influence innovation by firms and their...