MARKET STRUCTURE AND INDUSTRIAL INNOVATION

MARKET STRUCTURE AND INDUSTRIAL INNOVATION

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Literature on the link between market structure and industrial innovation is surveyed.Part II focuses on the so-called Schumpeterian hypothesis that large firm size, diversification or monopoly power is conducive to innovation gold ps5 controller skin and technical progress.Both empirical studies and theoretical developments are reviewed; for the former, the difficulties are catalogued and for the latter, a critique of recent trends is developed.The effect of innovation on market structure is taken up in Part IV, while Part V portrays the merits of the new approach of Nelson and Winter in their An Evolutionary Theory i want choo 60ml of Economic Change.