This paper analyzes the driving factors of growth of quantities and prices of the new products for Hungarian firms between 2001 and 2016. It investigates how price levels are correlated with firm and market characteristics, and the time path of the share of new products. Larger and more...

Innovation enhances other performance indicators of a firm beside productivity. Buyers are ready to pay higher price for higher quality or more suitable products due to innovation. Product prices, however, reflect the market position of the firm, too. Demand functions estimated using transaction...