Competition And Innovation An Inverted U Relationship

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Competition and Growth

Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 0262512025
Total Pages : 115 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Competition and Growth by : Philippe Aghion

Download or read book Competition and Growth written by Philippe Aghion and published by MIT Press. This book was released on 2008-01-25 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.

The Rate and Direction of Inventive Activity Revisited

Author : Josh Lerner
Publisher : University of Chicago Press
ISBN 13 : 0226473031
Total Pages : 715 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis The Rate and Direction of Inventive Activity Revisited by : Josh Lerner

Download or read book The Rate and Direction of Inventive Activity Revisited written by Josh Lerner and published by University of Chicago Press. This book was released on 2012-04-15 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation.

An Explanation of the Inverted-U Relationship between Profitability and Innovation

Author : Ondřej Krčál
Publisher : Masarykova univerzita
ISBN 13 : 8021074981
Total Pages : 168 pages
Book Rating : 4.0/5 (21 download)

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Book Synopsis An Explanation of the Inverted-U Relationship between Profitability and Innovation by : Ondřej Krčál

Download or read book An Explanation of the Inverted-U Relationship between Profitability and Innovation written by Ondřej Krčál and published by Masarykova univerzita. This book was released on 2015-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: V této knize jsou formulovány dva inovační modely, které vysvětlují vztah mezi ziskovostí a inovacemi ve tvaru obráceného U a vztahy mezi ziskovostí a rozdíly mezi produktivitou jednotlivých firem v daném odvětví, které nachází Aghion et al. (2005) a Hashmi (2005). Základní model (basic model) přináší jednoduché a obecné vysvětlení těchto stylizovaných faktů a prospektově teoretický model (prospect-theory model) předkládá specifické vysvětlení stylizovaných faktů, které obsahuje behaviorální teorii manažerského rozhodování. Pro určité hodnoty parametrů generují oba modely predikce, které odpovídají vztahům, jež nachází Aghion et al. (2005) a Hashmi (2005). Dále je zde ukázáno, že oba modely vytvářejí realistické předpovědi i pro širší rozmezí parametrů kolem těchto specifických hodnot.

China's Rise And Internationalization: Regional And Global Challenges And Impacts

Author : Filip Abraham
Publisher : World Scientific
ISBN 13 : 9811212244
Total Pages : 372 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis China's Rise And Internationalization: Regional And Global Challenges And Impacts by : Filip Abraham

Download or read book China's Rise And Internationalization: Regional And Global Challenges And Impacts written by Filip Abraham and published by World Scientific. This book was released on 2020-04-15 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2018 marks the 40th anniversary of the start of China's reform and opening up policy, which created China's growth miracle with an annual average growth rate of around 9.5 percent. China's rapid rise and internationalization has also generated profound impacts both regionally and globally. This edited book aims to bring together academics and researchers at policy institutions to discuss ongoing research on a wide range of theoretical and empirical issues related to China's rapid rise and internationalization from both regional and global perspectives.

Public Procurement for Innovation

Author : Charles Edquist
Publisher : Edward Elgar Publishing
ISBN 13 : 1783471891
Total Pages : 341 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis Public Procurement for Innovation by : Charles Edquist

Download or read book Public Procurement for Innovation written by Charles Edquist and published by Edward Elgar Publishing. This book was released on 2015-01-30 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on Public Procurement for Innovation. Public Procurement for Innovation is a specific demand-side innovation policy instrument. It occurs when a public organization places an order for a new or improved product to fulfill certain need

A Model of Growth Through Creative Destruction

Author : Philippe Aghion
Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 : 9780771411168
Total Pages : 0 pages
Book Rating : 4.4/5 (111 download)

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Book Synopsis A Model of Growth Through Creative Destruction by : Philippe Aghion

Download or read book A Model of Growth Through Creative Destruction written by Philippe Aghion and published by London : Department of Economics, University of Western Ontario. This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting process or industrial innovations. This has both positive and normative implications for growth. In positive terms, the prospect of a high level of research in the future can deter research today by threatening the fruits of that research with rapid obsolescence. In normative terms, obsolescence creates a negative externality from innovations, and hence a tendency for laissez-faire economies to generate too many innovations, i.e too much growth. This "business-stealing" effect is partly compensated by the fact that innovations tend to be too small under laissez-faire. The model possesses a unique balanced growth equilibrium in which the log of GNP follows a random walk with drift. The size of the drift is the average growth rate of the economy and it is endogenous to the model ; in particular it depends on the size and likelihood of innovations resulting from research and also on the degree of market power available to an innovator.

Does Import Competition Induce R&D Reallocation? Evidence from the U.S.

Author : Rui Xu
Publisher : International Monetary Fund
ISBN 13 : 1484326008
Total Pages : 44 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Does Import Competition Induce R&D Reallocation? Evidence from the U.S. by : Rui Xu

Download or read book Does Import Competition Induce R&D Reallocation? Evidence from the U.S. written by Rui Xu and published by International Monetary Fund. This book was released on 2017-11-16 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R&D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has the potential to offset the average drop in firm-level R&D identified in the previous literature. Indeed, our quantitative analysis shows no adverse impact of import competition on aggregate R&D expenditures. Taking the analysis beyond manufacturing, we find that import competition has led to reallocation of researchers towards booming service industries, including business and repairs, personal services, and financial services.

The Rate and Direction of Inventive Activity

Author : National Bureau of Economic Research
Publisher : Princeton University Press
ISBN 13 : 1400879760
Total Pages : 647 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Rate and Direction of Inventive Activity by : National Bureau of Economic Research

Download or read book The Rate and Direction of Inventive Activity written by National Bureau of Economic Research and published by Princeton University Press. This book was released on 2015-12-08 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Market Structure and Innovation

Author : Morton I. Kamien
Publisher : Cambridge University Press
ISBN 13 : 9780521293853
Total Pages : 252 pages
Book Rating : 4.2/5 (938 download)

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Book Synopsis Market Structure and Innovation by : Morton I. Kamien

Download or read book Market Structure and Innovation written by Morton I. Kamien and published by Cambridge University Press. This book was released on 1982-02-26 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technical advance requires resources and is motivated by the quest for profits; therefore, the rate and direction of advance is determined by the economic system. Recognition of this fact has focused attention on the performance of the market economy in the allocation of resources to technical advance, and the consequent body of research is surveyed and synthesised in this book. The theories of market structure and innovation proposed by Schumpeter, Galbraith, Arrow, Schmookler, Scherer, Mansfield, Phillips, Barzel, Kamien and Schwartz, Loury, Nelson and Winter, Grabowski, Dasgupta and Stiglitz, and others are presented in an integrated form. These theories deal with the nature of competition, the incentives to innovate and the pace of innovative activity under different market structures, and the existence of a market structure that yields the most rapid rate of innovation. In addition, the findings of seventy empirical studies dealing with various facets of the microeconomics of technical innovation are presented. The book is designed to be accessible to economists working in a variety of situations - in universities, business and government - and who are concerned with questions of technical innovation. It is also suitable for senior-level undergraduates and first year graduate students approaching the subject in a comprehensive way for the first time.

Competition and Innovation in the U.S. Fixed-Wing Military Aircraft Industry

Author : John Birkler
Publisher : Rand Corporation
ISBN 13 : 0833036017
Total Pages : 135 pages
Book Rating : 4.8/5 (33 download)

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Book Synopsis Competition and Innovation in the U.S. Fixed-Wing Military Aircraft Industry by : John Birkler

Download or read book Competition and Innovation in the U.S. Fixed-Wing Military Aircraft Industry written by John Birkler and published by Rand Corporation. This book was released on 2003-11-07 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assess prospects for innovation and competition in the military combat-aircraft industry. o

The Cato Papers on Public Policy

Author : Jeffrey A. Miron
Publisher : Cato Institute
ISBN 13 : 1935308483
Total Pages : 242 pages
Book Rating : 4.9/5 (353 download)

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Book Synopsis The Cato Papers on Public Policy by : Jeffrey A. Miron

Download or read book The Cato Papers on Public Policy written by Jeffrey A. Miron and published by Cato Institute. This book was released on 2011 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inaugural issue of Cato Papers on Public Policy—a new annual volume of articles on significant economic and public policy issues—provides in-depth, imaginative new research on key economic and public policy matters. This research is specifically focused on filling a gap in the vast range of work that currently addresses the pros and cons of government policies. The Cato Papers on Public Policy evaluates economic and social policies using the techniques of modern economics and real-world experience. As a result, the articles are firmly focused on what policies are beneficial for the economy and society, and illuminate each subject's problems, challenges, impact, and solutions. The articles are written by leading national experts and are edited by Jeffrey A. Miron, a Senior Fellow at the Cato Institute and Director of Undergraduate Studies in the Department of Economics at Harvard University.

Productivity Measurement and Analysis

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264044612
Total Pages : 556 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Productivity Measurement and Analysis by : OECD

Download or read book Productivity Measurement and Analysis written by OECD and published by OECD Publishing. This book was released on 2009-04-28 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the proceedings of two workshops on productivity measurement and analysis, which brought together representatives of statistical offices, central banks and other officials involved with the analysis and measurement of productivity at aggregate and industry levels.

Regulating Data Monopolies

Author : Jingyuan Ma
Publisher : Springer Nature
ISBN 13 : 9811687668
Total Pages : 252 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Regulating Data Monopolies by : Jingyuan Ma

Download or read book Regulating Data Monopolies written by Jingyuan Ma and published by Springer Nature. This book was released on 2022-01-24 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the business model of enterprises in the digital economy by taking an economic and comparative perspective. The aim of this book is to conduct an in-depth analysis of the anti-competitive behavior of companies who monopolize data, and put forward the necessity of regulating data monopoly by exploring the causes and characteristics of their anti-competitive behavior. It studies four aspects of the differences between data monopoly and traditional monopolistic behavior, namely defining the relevant market for data monopolies, the entry barrier, the problem of determining the dominant position of data monopoly, and the influence on consumer welfare. It points out the limitations of traditional regulatory tools and discusses how new regulatory methods could be developed within the competition legal framework to restrict data monopolies. It proposes how economic analytical tools used in traditional anti-monopoly law are facing challenges and how competition enforcement agencies could adjust regulatory methods to deal with new anti-competitive behavior by data monopolies.

Innovation Markets and Competition Analysis

Author : Marcus Glader
Publisher : Edward Elgar Publishing
ISBN 13 : 1847201687
Total Pages : 361 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Innovation Markets and Competition Analysis by : Marcus Glader

Download or read book Innovation Markets and Competition Analysis written by Marcus Glader and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is warmly recommended to practitioners and academics from both the legal and the economic field. Guido Westkamp, Journal of Intellectual Property Law and Practice . . . Glader offers strong commentary and case explanation, coupled with insightful analysis, in this complex area. . . This book is strong on both the relevant law, and the economics arena in which the law must be applied, and deals equally well with the US and EC principles and practice. Mark Furse, European Competition Law Review The pace and scope of technological change is increasing, but some innovative technologies take years before they give rise to saleable products. Before they do, there is competition in ideas and research, but the ideas cannot be market tested, because there are no products or services to offer to consumers. Competition law, in Europe and the USA, cannot be applied to competition in research for innovation as if it was competition between products. Completely different problems arise and a completely different approach is needed. This book, the first on innovation markets, shows how this new approach has been used by competition authorities on both sides of the Atlantic in a wide variety of cases. It analyses in depth and detail the comparative law and economics of the problems arising from the different stages of these markets . It considers how far conclusions can be drawn about the future and comes to interesting, practical and sensible conclusions. And it avoids both unjustified scepticism and exaggerated enthusiasm about the theories of innovation markets. John Temple Lang, Cleary Gottlieb Steen & Hamilton LLP, Brussels and London; Trinity College Dublin, Ireland and Oxford University, UK This book examines the legal standards and their underlying economic rationale for the protection of competition in the innovation process, in both European competition law and American antitrust law. Apart from relevant regulatory frameworks, the author also reviews a range of case laws, which assess whether a transaction or unilateral conduct would limit market participants incentives and abilities for continued innovation and future competition. At the centre of this study is the innovation market concept. This concept entails the delineation, for purposes of antitrust analysis, of an upstream market for competing R&D. Questions of market definition, the assessment of innovation competition in defined markets, the role of efficiencies in the appraisal of transactions and possible remedies to alleviate anti-competitive effects are also explored. Updating the field of research in light of new developments and broadening and deepening the categorization and analysis of the innovation market area, this book will be of great interest to academics, practitioners and consultants, and also public policymakers.

Creation without Restraint

Author : Christina Bohannan
Publisher : Oxford University Press
ISBN 13 : 0199813493
Total Pages : 435 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis Creation without Restraint by : Christina Bohannan

Download or read book Creation without Restraint written by Christina Bohannan and published by Oxford University Press. This book was released on 2012-01-13 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creation without Restraint: Promoting Liberty and Rivalry in Innovation analyzes the current state of competition (antitrust) and intellectual property laws, and proposes realistic reforms that will encourage innovation. As with antitrust and a reform process that aligned injury requirements in lawsuits with the incentive to compete, this book proposes similar reforms for patent and copyright law, and considers both the uses and limitations of antitrust as a vehicle for intellectual property law reform.

Advances in Economics and Econometrics: Volume 1, Economic Theory

Author : Daron Acemoglu
Publisher : Cambridge University Press
ISBN 13 : 1107717809
Total Pages : 511 pages
Book Rating : 4.1/5 (77 download)

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Book Synopsis Advances in Economics and Econometrics: Volume 1, Economic Theory by : Daron Acemoglu

Download or read book Advances in Economics and Econometrics: Volume 1, Economic Theory written by Daron Acemoglu and published by Cambridge University Press. This book was released on 2013-05-13 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, accessible survey of progress on the discipline. The first volume primarily addresses economic theory, with specific focuses on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents.

Innovation and Growth Chasing a Moving Frontier

Author : The World Bank
Publisher : OECD Publishing
ISBN 13 : 9264073973
Total Pages : 268 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Innovation and Growth Chasing a Moving Frontier by : The World Bank

Download or read book Innovation and Growth Chasing a Moving Frontier written by The World Bank and published by OECD Publishing. This book was released on 2009-11-20 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, the OECD and the World Bank jointly take stock of how globalisation is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them.