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Competition, innovation and the use of innovations

Symeonidis, George (2019) 'Competition, innovation and the use of innovations.' Journal of Industrial Economics, 67 (3-4). 565 - 592. ISSN 0022-1821

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I examine the effect of competition on the production and use of innovations using evidence from a natural experiment of policy reform, the introduction of cartel legislation in the UK in the late 1950s. I compare manufacturing industries which had been collusive and were therefore affected by the policy with those that had been competitive and were not affected. The intensification of competition following the abolition of cartels caused a short-run decrease in innovations produced, but had no significant effect in the long run. In contrast, innovations used increased both in the short run and in the long run.

Item Type: Article
Uncontrolled Keywords: competition, cartels, innovation, UK manufacturing
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Elements
Date Deposited: 26 Feb 2019 16:06
Last Modified: 30 Mar 2020 09:15

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