منابع مشابه
Is there a U-shaped Relation between Competition and Investment?
We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U-shaped. We consider a two-stage game with cost-reducing investments followed by a linear differentiated Cournot duopoly. We first show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium is minimal for intermed...
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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 ...
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متن کاملCompetition 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...
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Numerous studies agree that income inequality, rather than absolute income, is an important predictor of happiness. However, its specific role has been controversial. We argue that income inequality and happiness should exhibit an inverted U-shaped relationship due to the dynamic competing process between two effects: when income inequality is relatively low, the signal effect will be the domin...
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ژورنال
عنوان ژورنال: Economics of Innovation and New Technology
سال: 2006
ISSN: 1043-8599,1476-8364
DOI: 10.1080/10438590500129755