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@inproceedings{853094, author = {Krčál, Ondřej}, booktitle = {Neo-Schumpeterian Economics: An Agenda for the 21st Century II}, keywords = {Schumpeter, innovation, competition, prospect theory, inverted-U relationship}, howpublished = {paměťový nosič}, title = {An Alternative Explanation of the Inverted-U Relationship between Competition and Innovation}, year = {2009} }
TY - JOUR ID - 853094 AU - Krčál, Ondřej PY - 2009 TI - An Alternative Explanation of the Inverted-U Relationship between Competition and Innovation KW - Schumpeter, innovation, competition, prospect theory, 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. Under certain conditions, firms with very high and very low profits will innovate less than firms with moderate profits, which is consistent with the hypothesis of inverted-U relationship between competition and innovation. ER -
KRČÁL, Ondřej. An Alternative Explanation of the Inverted-U Relationship between Competition and Innovation. In \textit{Neo-Schumpeterian Economics: An Agenda for the 21st Century II}. 2009, 11 s.
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