Aghion, Philippe; Carlin, Wendy; Schaffer, Mark E. - 2002
relationship between competition and innovation, Aghion, Dewatripont and Rey (1999) showed that this could be reversed if agency …Transition has entailed the introduction of policies to stimulate product market competition, to establish effective … considerations were introduced. In their model competition acts as an incentive mechanism to reduce managerial slack, which produces …