Paying off the Competition: Market Power and Innovation Incentives

How does a firm's market power in existing products affect its incentives to innovate? We explore this fundamental question using granular project-level and firm-level data from the pharmaceutical industry, focusing on a particular mechanism through which incumbent firms maintain their market p...

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Veröffentlicht in:	NBER Working Paper Series 2021
1. Verfasser:	Li, Xuelin
Format:	Artikel
Sprache:	eng
Schlagworte:	Anreiz Competition Economic theory Incentives Innovation Market entry Marktmacht
Online-Zugang:	Volltext
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