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Competition and Innovation: Revisiting the Inverted-U Relationship

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  • Michael Peneder

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  • Michael Peneder, 2012. "Competition and Innovation: Revisiting the Inverted-U Relationship," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 1-5, March.
    • Handle: RePEc:kap:jincot:v:12:y:2012:i:1:p:1-5
    DOI: 10.1007/s10842-011-0123-4
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    References listed on IDEAS

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    1. Tishler, Asher & Milstein, Irena, 2009. "R&D wars and the effects of innovation on the success and survivability of firms in oligopoly markets," International Journal of Industrial Organization, Elsevier, vol. 27(4), pages 519-531, July.
    2. Philippe Aghion & Nick Bloom & Richard Blundell & Rachel Griffith & Peter Howitt, 2005. "Competition and Innovation: an Inverted-U Relationship," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 701-728.
    3. P.A. Geroski, 2003. "Competition in Markets and Competition for Markets," Journal of Industry, Competition and Trade, Springer, vol. 3(3), pages 151-166, September.
    4. Michael Polder & Erik Veldhuizen, 2012. "Innovation and Competition in the Netherlands: Testing the Inverted-U for Industries and Firms," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 67-91, March.
    5. van der Wiel, H.P., 2010. "Competition and innovation : Together a tricky rollercoaster for productivity," Other publications TiSEM 2764dae1-3502-4775-82da-f, Tilburg University, School of Economics and Management.
    6. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    7. Michael Peneder & Martin Woerter, 2014. "Competition, R&D and innovation: testing the inverted-U in a simultaneous system," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 653-687, July.
    8. Schmutzler, Armin, 2010. "The relation between competition and innovation -- Why is it such a mess?," CEPR Discussion Papers 7640, C.E.P.R. Discussion Papers.
    9. Karl Aiginger, 2007. "Industrial Policy: A Dying Breed or A Re-emerging Phoenix," Journal of Industry, Competition and Trade, Springer, vol. 7(3), pages 297-323, December.
    10. Raymond De Bondt & Jan Vandekerckhove, 2012. "Reflections on the Relation Between Competition and Innovation," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 7-19, March.
    11. Chiara Peroni & Ivete Ferreira, 2012. "Competition and Innovation in Luxembourg," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 93-117, March.
    12. Michael Peneder, 2009. "Sectoral Growth Drivers and Competitiveness in the European Union," WIFO Studies, WIFO, number 57710, January.
    13. Walter Park & Ralph Sonenshine, 2012. "Impact of Horizontal Mergers on Research & Development and Patenting: Evidence from Merger Challenges in the U.S," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 143-167, March.
    14. Morton I. Kamien & Nancy L. Schwartz, 1976. "On the Degree of Rivalry for Maximum Innovative Activity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(2), pages 245-260.
    15. Charles Bérubé & Marc Duhamel & Daniel Ershov, 2012. "Market Incentives for Business Innovation: Results from Canada," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 47-65, March.
    16. Armin Schmutzler, 2007. "The relation between competition and innovation � Why is it such a mess?," SOI - Working Papers 0716, Socioeconomic Institute - University of Zurich, revised Jan 2010.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kristine Farla, 2015. "Industrial Policy for Growth," Journal of Industry, Competition and Trade, Springer, vol. 15(3), pages 257-282, September.
    2. Ugur, Mehmet & Hashem, Nawar, 2012. "Market concentration, corporate governance and innovation: partial and combined effects in US-listed firms," Greenwich Papers in Political Economy 8840, University of Greenwich, Greenwich Political Economy Research Centre.
    3. Mehmet Ugur, 2013. "Governance, market power and innovation: evidence from OECD countries," Chapters, in: Mehmet Ugur (ed.), Governance, Regulation and Innovation, chapter 2, pages 25-57, Edward Elgar Publishing.
    4. Mehmet Ugur, 2013. "Governance, regulation and innovation: new perspectives and evidence," Chapters, in: Mehmet Ugur (ed.), Governance, Regulation and Innovation, chapter 1, pages 1-22, Edward Elgar Publishing.
    5. Tammi, Timo & Saastamoinen, Jani & Reijonen, Helen, 2020. "Public procurement as a vehicle of innovation – What does the inverted-U relationship between competition and innovativeness tell us?," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    6. Bigerna, Simona & Bollino, Carlo Andrea & Micheli, Silvia, 2016. "Renewable energy scenarios for costs reductions in the European Union," Renewable Energy, Elsevier, vol. 96(PA), pages 80-90.
    7. Muhammad Zeeshan Younas & Muhammad Iftikhar Husnain, 2022. "Role of market structure in firm-level innovation: an extended CDM model for a developing economy," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 49(1), pages 91-104, March.
    8. Oliver Bischoff & Achim Buchwald, 2018. "Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition," Journal of Industry, Competition and Trade, Springer, vol. 18(1), pages 25-45, March.
    9. Ugur, Mehmet, 2012. "Market Power, Governance and Innovation: OECD Evidence," MPRA Paper 44141, University Library of Munich, Germany.
    10. Nawar Hashem & Mehmet Ugur, 2013. "Corporate governance and innovation in US-listed firms: the mediating effects of market concentration," Chapters, in: Mehmet Ugur (ed.), Governance, Regulation and Innovation, chapter 4, pages 86-121, Edward Elgar Publishing.
    11. Christian Beyer & Elke Kottmann & Korbinian von Blanckenburg, 2020. "The Welfare Implications of the European Trucks Cartel," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 120-126, March.
    12. Klaus S. Friesenbichler & Michael Peneder, 2016. "Innovation, Competition and Productivity. Firm Level Evidence for Eastern Europe and Central Asia," WIFO Working Papers 516, WIFO.
    13. Klaus Friesenbichler & Michael Peneder, 2016. "Innovation, competition and productivity," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 24(3), pages 535-580, July.
    14. Christian Beyer & Elke Kottmann & Korbinian von Blanckenburg, 2018. "The Welfare Implications of the European Trucks Cartel," MAGKS Papers on Economics 201818, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    15. Ugur, Mehmet, 2024. "Innovation, market power and the labour share: evidence from OECD industries," Greenwich Papers in Political Economy 38374, University of Greenwich, Greenwich Political Economy Research Centre.
    16. Juan Pablo Herrera Saavedra & Ginette Sofía Lozano Maturana & Jacobo Campo Robledo & Alejandra Catalina Parra Ochoa, 2019. "Competition policy and Industrial property: relationship through panel data approach 2007 – 2015," Estudios Económicos SIC 17720, Superintendencia de Industria y Comercio.
    17. Alsharkas Zeina, 2014. "Firm Size, Competition, Financing and Innovation," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 44(1), pages 51-73, December.
    18. Pilar Beneito & Mar�a Engracia Rochina-Barrachina & Amparo Sanchis, 2014. "Patents, Competition, and Firms' Innovation Incentives," Industry and Innovation, Taylor & Francis Journals, vol. 21(4), pages 285-309, May.
    19. Pilar BeneitoBy & María Engracia Rochina-Barrachina & Amparo Sanchis, 2017. "Competition and innovation with selective exit: an inverted-U shape relationship?," Oxford Economic Papers, Oxford University Press, vol. 69(4), pages 1032-1053.
    20. Raymond W. & Plotnikova T., 2015. "How does firms' perceived competition affect technological innovation in Luxembourg?," MERIT Working Papers 2015-001, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    21. Michael L. Polemis & Markos Tselekounis, 2021. "Threshold effects in the regulation-innovation nexus: evidence from the telecommunications industry," Journal of Regulatory Economics, Springer, vol. 60(1), pages 74-93, August.
    22. Ugur, Mehmet, 2012. "Governance, Regulation and Innovation: Introducing New Studies," MPRA Paper 44151, University Library of Munich, Germany, revised Jan 2013.
    23. Alessandro V. M. Oliveira & Thiago Caliari & Rodolfo R. Narcizo, 2024. "An empirical model of fleet modernization: on the relationship between market concentration and innovation adoption in the Brazilian airline industry," Papers 2401.06876, arXiv.org.

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    More about this item

    Keywords

    L11; L22; L41; M13; O33;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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