Wendy, Carlin; Mark, Schaffer; Paul, Seabright - In: The B.E. Journal of Economic Analysis & Policy 3 (2004) 1, pp. 1-45
This paper examines the importance of competition in innovation and the growth of firms. We make use of the large-scale natural experiment of the shift from an economic system without competition to a market economy to shed light on the factors that influence innovation by firms and their...