Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that … the model can predict the inverted-U if the innovators' talent is heterogenous, and privately observable. With competition …

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation … this an interesting market to examine the link between competition and innovation. We use firm-level time-series data over …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market …

&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …

This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric … subsidy competition, starting from an equilibrium where the industry core is inefficiently locked in to the smaller region …

trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb … the effectiveness of these systems. We investigate how different forms of market competition and social reputation … networks interact in a series of laboratory online markets, where sellers face a moral hazard. We find that competition in …

developing a novel approach to competition between different organizational forms, it frames the relevant trade-offs precisely …