Innovation and Competition: The Role of Finance Constraints in a Duopoly Case

Mario Amendola (1) , Jean-Luc Gaffard (2) , Patrick Musso (3)

1 Dipartimento di Scienze Sociali ed Economiche
2 OFCE - Observatoire français des conjonctures économiques (Sciences Po)
3 GREDEG - Groupe de Recherche en Droit, Economie et Gestion

In this paper we analyse the role of financial resources in a process of competition interpreted as a continuous restructuring of productive capacities. Financial constraints appear an essential means of co-ordination. Co-ordination with the environment where this process of restructuring takes place for the process itself to be viable and co-ordination between firms for the survival of competition.

Keywords: Competition; Co-ordination; Finance; Innovation

Domains: Humanities and Social Sciences; Economics and Finance

Mario Amendola, Jean-Luc Gaffard, Patrick Musso. Innovation and Competition: The Role of Finance Constraints in a Duopoly Case. Review of Austrian Economics, 2003, 16 (2-3), pp.183-204. ⟨hal-01038093⟩