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

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  • Amendola, M
  • Gaffard, J-L
  • Musso, P

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

Suggested Citation

  • Amendola, M & Gaffard, J-L & Musso, P, 2003. "Innovation and Competition: The Role of Finance Constraints in a Duopoly Case," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(2-3), pages 183-204, September.
    • Handle: RePEc:kap:revaec:v:16:y:2003:i:2-3:p:183-204
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    Cited by:

    1. Huasheng Zhu & Yue Ding, 2017. "Going Public and Industrial Upgrading of Traditional Clusters in Developing Countries: Rethinking the Dynamics of the ‘Jinjiang Model’ in China," Sustainability, MDPI, vol. 9(11), pages 1-18, November.
    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.

    More about this item

    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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