In: Journal of the European Economic Association, 2018, vol. 16, no. 1, p. 232-274
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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...
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In: The Quarterly Journal of Economics, 2007, vol. 122, no. 4, p. 1759-1799
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