Demand-driven innovation and spatial competition over time

Boyan Jovanovic, Rafael Rob

    Research output: Contribution to journalArticlepeer-review


    This paper explores a model of innovation and spatial competition over time. A key implication of the paper is that firms’ size is positively autocorrelated across time. The mechanism that generates this persistence works only in heterogenous-product markets and is based on the idea that larger firms possess better information about the design of future products. Some corroborating evidence is cited.

    Original languageEnglish (US)
    Pages (from-to)63-72
    Number of pages10
    JournalReview of Economic Studies
    Issue number1
    StatePublished - Jan 1987

    ASJC Scopus subject areas

    • Economics and Econometrics


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