The importance of market entry for competition and innovation is largely undisputed in the field of industrial organisation. Following the well-known methodology of Paul Geroski (1991, 1995), this importance is…
The continuous generation of innovative products, processes and services is widely considered to be the primary key to firms’ competitiveness and growth. The major input in this innovation process is unique…
Many markets are characterized by a fundamental informational asymmetry: the seller of a product knows better its quality than the buyer. Also in many markets, the seller cannot credibly communicate the quality…