Blazsek, Szabolcs; Escribano, Álvaro - Departamento de Economía, Universidad Carlos III de Madrid - 2014
&D investment, and the propensity to patent are studied in this work for a panel of firms from the United States. The panel includes … technologically similar firms, neck-to-neck, mostly from the drugs product-market sector. Firms’ propensity to patent is modeled by a … produce an inverted-U relationship between market competition and innovation. Furthermore, firms’ propensity to patent is …