innovation will lead to a much richer understanding of the interplay between firms’ incentives to innovate and competitive … pressure measured by product substitutability may decrease firms' incentives to conduct continuous improvement, and that an … increase in the size of discrete innovation may decrease firms' incentives to conduct continuous improvement. A unique feature …

fluctuating (and possibly uncertain) demand. We study how the degree of spot market competition affects investment incentives and … analysis of investment incentives is still missing. Existing models, as the peak-load-pricing approach, analyze welfare optimal … analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with …