We specify and estimate a dynamic game to study the equilibrium relationship between market structure and innovation in … as stochastically increasing in innovation, the dynamic control, which is proxied by patent applications. Equilibrium … innovation is a function of market structure, the vector of quality levels of all active firms, and the cost of R&D. Our main …

study the equilibrium relationship between market structure and innovation. The key state variable in the model is the …. Efficiency is estimated to be stochastically increasing in the dynamic control-innovation-which is proxied by patenting behavior …. Equilibrium innovation is a function of all state variables in the industry and the cost of R&D which includes a privately …

We study the relationship between market structure and innovation in the global automobile industry from 1982 to 2004 … using the dynamic industry framework of Ericson and Pakes (1995). Firms optimally choose a continuous level of innovation in … parameter -- the cost of innovation. In terms of the relationship between market structure and innovation, we find that: (1) At …

The question that how market structure and innovation are related has been extensively studied in the literature … the relationship between market structure and innovation in the global automobile industry for the 1980-2005 period. We … industry level. Our findings are the following. (1) The effect of market structure on innovation in the global auto industry …

We study the relationship between market structure and innovation in the global automobile industry from 1982 to 2004 … using the dynamic industry framework of Ericson and Pakes (1995). Firms optimally choose a continuous level of innovation in … parameter -- the cost of innovation. In terms of the relationship between market structure and innovation, we find that: (1) At …