WebJan 29, 2024 · However, there is a silver lining, the disruption brought upon us offers an opportunity to restructure and rebuild better communities and recover towards a more sustainable economy. This requires ... WebThere are four key predictions. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among firms should decrease with PMC. Third, the higher the average degree of neck-and-neckness' in an industry, the steeper the inverted-U ...
Competition and Innovation: An Inverted U Relationship NBER
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Journal of Political Economy: New journals
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