Competition and Innovation: Revisiting the Inverted-U Relationship

Competition and Innovation: An Inverted-U Relationship

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market competition (PMC) and innovation is...

Competition and Innovation: The Inverted-U Relationship Revisited

I re-examine the inverted-U relationship between competition and innovation (originally modeled and tested by Aghion et al. [2005]) by using data from publicly traded manufacturing …rms in the US. I control for the possible endogeneity of competition by using various measures of foreign competition as instruments. I …nd a positive relationship between competition (as measured by the inverse of ...

Astudy on the "inverted U" relationship between open innovation and enterprise innovation capacity

Innovation is the core motivation of the economic development, while the open innovation model provides our country enterprise an opportunity to improve the innovation capability. The implementation of the open innovation improve the enterprise innovation capacity, for it makes the enterprise can effectively integrate internal and external innovation resources, constructs a new innovation syste...

Revisiting the Relationship Between Systems of Innovation and Health Systems: A Response to Recent Commentaries

Is there an inverted-U relationship between creativity and psychopathology?

Few issues polarize the scientific community within the field of creativity as the purported association between creativity and psychopathology. The idea that the two are intimately linked dates back to Greek antiquity where the mental state of creative individuals during idea generation was noted to be highly aberrant. However, such eccentric states were not held to reflect clinical levels of ...