Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2006
We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on … stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring …