Reflections on the relation between competition and innovation

In this paper some reflections are developed on the relation between the organization of markets and innovative activities. The IO (Industrial Organization) predictions often depend crucially on the structural and behavioral characteristics of markets (or industries). To some extent this is also the case for the relation between innovation and competition. But a synthesis of existing work provides nevertheless some robust tendencies, including the predictions that in many cases the aggregate R&D activity is positively or inverted-U related with competition intensity. Clearly this tendency may be useful for positive analysis and policy.

Jaar van publicatie:2012

Toegankelijkheid:Closed