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Credit Constraints and the Inverted?U Relationship Between Competition and Innovation (2019)
Journal Article
Bonfatti, R., & Pisano, L. (2019). Credit Constraints and the Inverted?U Relationship Between Competition and Innovation. Economica, https://doi.org/10.1111/ecca.12312

Empirical studies have uncovered an inverted‐U relationship between product‐market competition and innovation. This is inconsistent with the original Schumpeterian model, where greater competition always reduces the profitability of innovation and th... Read More about Credit Constraints and the Inverted?U Relationship Between Competition and Innovation.