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

Author

Listed:
  • Mario Amendola

    (Dipartimento di Scienze Sociali ed Economiche)

  • Jean-Luc Gaffard

    (Observatoire français des conjonctures économiques)

  • Patrick Musso

    (Groupe de Recherche en Droit, Economie et Gestion)

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.

Suggested Citation

  • Mario Amendola & Jean-Luc Gaffard & Patrick Musso, 2003. "Innovation and Competition: The Role of Finance Constraints in a Duopoly Case," Sciences Po publications info:hdl:2441/6520, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/6520
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    References listed on IDEAS

    as
    1. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    2. Amendola, Mario & Gaffard, Jean-Luc, 1998. "Out of Equilibrium," OUP Catalogue, Oxford University Press, number 9780198293804.
    3. Paul J. McNulty, 1968. "Economic Theory and the Meaning of Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(4), pages 639-656.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

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    2. Shastitko, Andrey & Golovanova, Svetlana, 2016. "Meeting blindly… Is Austrian economics useful for dynamic capabilities theory?," Russian Journal of Economics, Elsevier, vol. 2(1), pages 86-110.

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    More about this item

    Keywords

    Competition; Co-ordination; Finance; Innovation;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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