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exhaustively explain innovation, the role of ownership competence, profits, the function of financial markets, wealth and income … theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish …
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exhaustively explain innovation, the role of ownership competence, profits, the function of financial markets, wealth and income … theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish …
Persistent link: https://www.econbiz.de/10015163698
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Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that …
Persistent link: https://www.econbiz.de/10011810084
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
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