What is the connection between competition and innovation?

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asked Nov 1, 2022 116k views

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Pallavi · Answer 1 · 2022-11-02T14:54:28+0000

Answer: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 an inverted U-shape.

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Chris Voon · Answer 2 · 2022-11-05T15:43:15+0000

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 an inverted U-shape.

What is the connection between competition and innovation?

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