The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Competition and Innovation: An Inverted U Relationship
Open accessAbstract
This paper investigates the relationship between product market competition (PMC) and innovation.A growth model is developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also reduce innovation incentives for laggards.There are four key predictions.First, the relationship between product market competition (PMC) and innovation is an inverted U-shape.Second, the equilibrium degree of technological 'neck-andneckness' among firms should decrease with PMC.Third, the higher the average degree of 'neckand-neckness' in an industry, the steeper the inverted-U relationship.Fourth, firms may innovate more if subject to higher debt-pressure, especially at lower levels of PMC.We confront these predictions with data on UK firms' patenting activity at the US patenting office.They are found to accord well with observed behavior.
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“A Model of Growth: Through Creative Destruction”
Aghion, P., & Howitt, P. (1992) · Econometrica · doi:10.2307/2951599 · Cited by 7,529
Self-citationOptimal contracts and competitive markets with costly state verification
Townsend, R. M. (1979) · Journal of Economic Theory · doi:10.1016/0022-0531(79)90031-0 · Cited by 3,204
Cited by
Competition and Innovation: An Inverted U Relationship
Aghion, P., Bloom, N., Blundell, R. W., Griffith, R., & Howitt, P. (2004) · SSRN Electronic Journal · doi:10.2139/ssrn.1306944 · Cited by 2,117
Self-citationMeasuring and Explaining Management Practices Across Firms and Countries
Bloom, N., & Van Reenen, J. (2006) · National Bureau of Economic Research · doi:10.3386/w12216 · Cited by 1,450
Self-citationMeasuring and Explaining Management Practices Across Firms and Countries
Bloom, N., & Van Reenen, J. M. (2006) · SSRN Electronic Journal · doi:10.2139/ssrn.922368 · Cited by 836
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Metadata
- Authors
- Aghion, P., Bloom, N., Blundell, R., Griffith, R., & Howitt, P.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2002-10
- OpenAlex
- W4299990871
- Cited by
- 274
- References
- 2
- Type
- report
- Language
- en
- Open access
- green
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