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@inproceedings{853093,
author = {Krčál, Ondřej},
address = {Prague},
booktitle = {Mathematical Methods in Economics 2009},
keywords = {Innovation; Competition; Prospect Theory; Inverted-U Relationship},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Prague},
isbn = {978-80-213-1963-9},
pages = {194-199},
publisher = {Czech University of Life Sciences Prague},
title = {Competition and Innovation: In Support of the Inverted-U Relationship},
year = {2009}
}
TY - JOUR
ID - 853093
AU - Krčál, Ondřej
PY - 2009
TI - Competition and Innovation: In Support of the Inverted-U Relationship
PB - Czech University of Life Sciences Prague
CY - Prague
SN - 9788021319639
KW - Innovation
KW - Competition
KW - Prospect Theory
KW - Inverted-U Relationship
N2 - In this article, we show that different profits due to different intensity of competition can influence innovation decisions of otherwise identical firms. We propose a model of innovation decisions in which, under certain conditions, firms with very high and very low profits can be expected to innovate less than firms with moderate profits, which is consistent with the hypothesis of the inverted-U relationship between competition and innovation.
ER -
KRČÁL, Ondřej. Competition and Innovation: In Support of the Inverted-U Relationship. In \textit{Mathematical Methods in Economics 2009}. Prague: Czech University of Life Sciences Prague, 2009, s.~194-199. ISBN~978-80-213-1963-9.
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