Innovation and Competition: The Role of Finance Constraints in a Duopoly Case
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.
|Date of creation:||2003|
|Date of revision:|
|Publication status:||Published in The Review of Austrian Economics, 2003, vol. 16, pp.183-204|
|Contact details of provider:|| Web page: http://www.sciencespo.fr/|
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- Amendola, Mario & Gaffard, Jean-Luc, 1998. "Out of Equilibrium," OUP Catalogue, Oxford University Press, number 9780198293804, March.
- Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, June.
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