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Título:
Innovation and competitive pressure . (D/634 )
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Autores:
Vives, X.
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Resumen:
The effects of competition on process and product innovation are analyzed, obtaining robust results that hold for a range of market structures. It is found that increasing the number of firms tends to reduce R&D effort, whereas increasing the degree of product substitutability, with or without free entry, increases R&D effort -provided that the total market for product varieties does not shrink. Increasing the total market size increases R&D effort and has ambiguous effects on the number of varieties offered, while decreasing the cost of entry increases the number of entrants and varieties but reduces R&D effort per variety. The framework and results shed light on empirical strategies to assess the impact of competition on innovation. |
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Fecha:
01/06/2006
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Tipo:
Documentos de investigación
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Idioma:
Inglés
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