incentive effect of competition on innovation and the effect competition has on the degree of credit rationing. I find that the … levels of competition. These predictions are supported by empirical evidence: The competition-innovation relationship has an … developed financial systems. Innovation-enhancing policies implemented through competition reforms ought to be complemented by …

Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed … market, i) the informativeness of prices increases with the degree of competition and, ii) the aggregate and individual …

competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …

, We show that, in presence of licensing, the incentive for innovation may also be stronger under decentralized unions …

data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regio nal …

Portuguese strategic choices regarding innovation and R&D policy have, over the past two decades, produced various … firms' contribution to national and regional growth, their obstacles and impacts. For the purpose of this paper, innovation … the present performance of Portuguese firms located throughout the country and to explore those innovation determinants …

due to a weakness in technological innovation despite a high quality science base. This includes comparatively low and …

effect which becomes more pronounced when we account for the endogeneity of innovation. This is the case for three different … count measures of innovation – a global measure of innovation and measures for labour innovations and capital innovations …