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 …

research and incentives for innovation. We then summarize the pricing and marketing of drugs in the US and several other …

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 …

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

This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … allows to capture a crucial determinant of a firm's business strategy and its response to competition. The findings from the …