Market Structure and Innovation : A Dynamic Analysis of the Global Automobile Industry ∗

  title={Market Structure and Innovation : A Dynamic Analysis of the Global Automobile Industry ∗},
  author={Aamir Rafique Hashmi and Johannes Van Biesebroeck},
The question that how market structure and innovation are related has been extensively studied in the literature. However, there is hardly any notable study on this question for the global automobile industry. We fill this gap by studying the relationship between market structure and innovation in the global automobile industry for the 1980-2005 period. We use the dynamic industry framework of Ericson and Pakes [1995] and estimate the parameters of the model using a two-step procedure proposed… CONTINUE READING
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