Reconciling the original Schumpeterian Model with the observed inverted-U relationship between competition and innovation

Roberto Bonfatti; Luis A. Bryce Campodonico; and Luigi Pisano are Reconciling the original Schumpeterian Model with the observed inverted-U relationship between competition and innovation. ABSTRACT: Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is inconsistent…

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