This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current … consumers are more likely to reap the benefits of greater competition. This method represents a powerful tool for supporting the … analysis of competition reforms in developing countries, particularly in sectors known for excluding significant segments of …

of regulation on R&D investment. Nearing competition has a dampening effect on R&D spending, but once the market and … regulatory framework conditions have been established, higher levels of competition positively influence R&D. Our results further … indicate that the relation between competition and innovative investment can be described as inverted U-shaped. Finally, we …