To address the relationship between innovation and competition we jointly estimate the opportunity, production, and … impact functions of innovation in a simultaneous system. Based on Swiss micro-data, we apply a 3-SLS system estimation. The … low innovation, 2. low competition with high innovation, and 3. a "no innovation trap" at very high levels of competition …

at the retail level. A rapid price decline and a decline in revenues followed. Increased retail competition eventually … Switzerland) continued to have partially binding retail price regulation in this market. More than a decade after liberalisation … of a dominant firm. A system of simultaneous equations is developed and direct estimation of the incumbent’s residual …

at the retail level. A rapid price decline and a decline in revenues followed. Increased retail competition eventually … Switzerland) continued to have partially binding retail price regulation in this market. More than a decade after liberalisation … of a dominant firm. A system of simultaneous equations is developed and direct estimation of the incumbent's residual …

at the retail level. A rapid price decline and a decline in revenues followed. Increased retail competition consequently … Switzerland) continued to have partially binding retail price regulation. More than a decade after liberalisation and the … dominant firm. A system of simultaneous equations is developed and direct estimation of the incumbent's residual demand …