| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19987 |
| 来源ID | Working Paper 19987 |
| The Causal Effects of Competition on Innovation: Experimental Evidence | |
| Philippe Aghion; Stefan Bechtold; Lea Cassar; Holger Herz | |
| 发表日期 | 2014-03-20 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same technological level, i.e. for neck-and-neck firms. First, we find that increased competition leads to a significant increase in R&D investments by neck-and-neck firms. Second, increased competition decreases R&D investments by firms that are lagging behind, in particular if the time horizon is short. Third, we find that increased competition affects industry composition by reducing the fraction of sectors where firms are neck-and-neck. All these results are consistent with the predictions of step-by-step innovation models. |
| 主题 | Econometrics ; Experimental Design ; Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w19987 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577661 |
| 推荐引用方式 GB/T 7714 | Philippe Aghion,Stefan Bechtold,Lea Cassar,et al. The Causal Effects of Competition on Innovation: Experimental Evidence. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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