Product market competition, creative destruction and innovation

Arbeitspapier

We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and (especially) empirically, with an emphasis on the 'inverted U': the idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent applications and development of the framework in the areas of competition policy, international trade and structural Industrial Organization.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IFS Working Paper ; No. W21/43

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Oligopoly and Other Imperfect Markets ; Management of Technological Innovation and R&D ; History of Economic Thought since 1925: General ; Antitrust Issues and Policies: General
• Thema: Competition ; Innovation ; Creative Destruction

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Griffith, Rachel ; Van Reenen, John
• Ereignis: Veröffentlichung
• (wer): Institute for Fiscal Studies (IFS)
• (wo): London
• (wann): 2021

Weitere Informationen

• DOI: doi:10.1920/wp.ifs.2021.4321
• Handle: http://hdl.handle.net/10419/254244
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ