Innovation rivalry: theory and empirics
Jhon T. Scott and
Troy J. Scott
Authors registered in the RePEc Author Service: John Troy Scott
ECONOMIA E POLITICA INDUSTRIALE, 2014, vol. 2014/1, issue 1, 25-53
Abstract:
This paper develops the theory of a U relation between seller concentration and R&D investment and integrates the new theory with the traditional expectation of an inverted-U relation. The paper illustrates the U relation, and the integrated U and inverted- U relations, for a single type of R&D performed in most industries, exploiting differences in the degree of structural competition across industries while admitting little if any variation in the type of R&D.
Keywords: Innovazione; U rovesciata; ricerca e sviluppo (R&S); concentrazione del mercato; competizione schumpeteriana (search for similar items in EconPapers)
JEL-codes: L10 L20 O31 O32 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (10)
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