Innovation Rivalry: Theory and Empirics

John T. Scott and Troy J. Scott, “Innovation Rivalry: Theory and Empirics,” Economia e Politica Industriale-Journal of Industrial and Business Economics, Vol. 41, No. 1 (2014), pp. 25-53.

40 Pages Posted: 22 Mar 2015

See all articles by John T. Scott

John T. Scott

Dartmouth College - Department of Economics

Troy J. Scott

RTI International

Date Written: September 16, 2013

Abstract

This paper develops the theory of a U relation between seller concentration and R&D investment and integrates the new theory with the traditional expectation of an inverted-U relation. The paper illustrates the U relation, and the integrated U and inverted-U relations, for a single type of R&D performed in most industries, exploiting differences in the degree of structural competition across industries while admitting little if any variation in the type of R&D.

Keywords: innovation, inverted U, research and development (R&D), seller concentration, Schumpeterian competition

JEL Classification: L10, L20, O31, O32

Suggested Citation

Scott, John T. and Scott, Troy J., Innovation Rivalry: Theory and Empirics (September 16, 2013). John T. Scott and Troy J. Scott, “Innovation Rivalry: Theory and Empirics,” Economia e Politica Industriale-Journal of Industrial and Business Economics, Vol. 41, No. 1 (2014), pp. 25-53., Available at SSRN: https://ssrn.com/abstract=2583211

John T. Scott (Contact Author)

Dartmouth College - Department of Economics ( email )

Hanover, NH 03755
United States

Troy J. Scott

RTI International ( email )

PO Box 12194
Research Triangle Park, NC 27709
United States

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