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Innovation and Competition: The Role of Finance Constraints in a Duopoly Case

M Amendola, Jean-Luc Gaffard () and Patrick Musso ()

The Review of Austrian Economics, 2003, vol. 16, issue 2-3, 183-204

Abstract: In this paper we analyse the role of financial resources in a process of competition interpreted as a continuous restructuring of productive capacities. Financial constraints appear an essential means of co-ordination. Co-ordination with the environment where this process of restructuring takes place for the process itself to be viable and co-ordination between firms for the survival of competition. Copyright 2003 by Kluwer Academic Publishers

Date: 2003
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Working Paper: Innovation and Competition: The Role of Finance Constraints in a Duopoly Case (2003) Downloads
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