This paper develops an innovation model where firms choose which research paths to follow. Contrary to most of the … literature which focuses only on the level of investment in innovation, this model captures both the variety of research paths … amount of duplication of research. An increase in the intensity of competition among firms leads to an increase in the …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … model of oligopoly competition with di¤erentiated products where firms invest to reduce their marginal cost of production, I … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …

duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …

literature, which focuses only on the level of investment in innovation, this model captures both the variety of research … amount of duplication of research. An increase in the intensity of competition among firms leads to an increase in the …

Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines … competition among firms leads to an increase in the variety of developed projects and a decrease in the amount of duplication of …

innovation and existing product competition using the geography of Chinese internet penetration and Chinese import data … from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to ….S. firms at a high rate, consistent with increased intellectual property competition. Overall, Chinese competition in …

This paper examines how market competition affects the intensity and breadth of innovation. I assembled a unique … between price competition and innovation. When collusion suppressed price competition, colluding firms increased patent … technology classes increased by 30%. When competition was restored by collusion breakdown, the increased and broadened innovation …

We study how competition impacts innovation (and welfare) when firms compete both in the product market and in … innovation development. This relationship is complex and may lead to scenarios in which a lessening of competition increases R … provide conditions for when competition increases or decreases industry innovation and welfare. These conditions are based on …

innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with … their innovation activities in response to the potential entry of direct competitors. We then examine a legal ruling that … firms increased their net innovation activities in response to competitive entry. These effects center on firms with …