Showing 1 - 7 of 7
Many studies have attempted to investigate the determinants and implications of competition in the banking industry. The literature on the measurement of competition can be divided between the structural and non-structural approaches. The structural approach infers the degree of competition from...
Persistent link: https://www.econbiz.de/10010899551
competition on R&D to the cost of innovation. The effect of competition on R&D is an inverted U-shape. However, the shape is … flatter and competition policy is therefore less relevant for innovation when innovations are relatively costly. Intuitively …, if innovations are costly for a firm, competitive shocks have to be significant to alter its innovation decisions …
Persistent link: https://www.econbiz.de/10010738755
This paper exploits a unique panel of 59,000 French firms over 1990-2004 to investigate the interactions between R&D, advertising and the competitive environment.The empirical findings confirm the predictions of a dynamic model that complements results known in static frameworks. First, more...
Persistent link: https://www.econbiz.de/10010738853
This paper focuses on three related matters. It analyses the process of competition in the software industry, this being important both in itself and for the light it throws on competition within all industries characterised by low or zero marginal costs and a high rate of technical development....
Persistent link: https://www.econbiz.de/10005273154
competition is a primary driving force behind organisational change and technical innovation. Firms are divided into three groups …
Persistent link: https://www.econbiz.de/10005169041
The existing empirical evidence is somewhat inconclusive with respect to a number of the key predictions of the agency model. Although the reach of agency theory is considerably wider, the dominant portion of work has been taken up with examining the nature of the trade-off between risk and...
Persistent link: https://www.econbiz.de/10005627314
This paper concerns the operation of competition in the presence of a high rate of innovation and increasing returns … this investment yields only a normal return. Thus, competition, increasing returns and innovation may co-exist. …
Persistent link: https://www.econbiz.de/10005627370