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The Role of Bounded Rationality and Imperfect Information in Subgame Perfect Implementation—An Empirical Investigation

Aghion, Philippe ; Fehr, Ernst ; Holden, Richard ; Wilkening, Tom

In: Journal of the European Economic Association, 2018, vol. 16, no. 1, p. 232-274

The Causal Effects of Competition on Innovation : Experimental Evidence

Aghion, Philippe ; Bechtold, Stefan ; Cassar, Lea ; Herz, Holger

In: The Journal of Law, Economics, and Organization, 2018, vol. 34, no. 2, p. 162-195

We design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same technological level, i.e. for neck-and-neck firms. First, we find that increased competition leads to a significant...

Technology, Information, and the Decentralization of the Firm

Acemoglu, Daron ; Aghion, Philippe ; Lelarge, Claire ; Van Reenen, John ; Zilibotti, Fabrizio

In: The Quarterly Journal of Economics, 2007, vol. 122, no. 4, p. 1759-1799