costs, but competition helps to erode innovators' informational rents. Consequently, competition leads to faster innovation … becomes first-best. When we introduce private benefits for winning the competition, innovators have an incentive to understate …

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad … marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new …

acquire customers independently. We investigate customer acquisition efforts in this interdivisional competition. Optimal …