Market Structure and Innovation: A Dynamic Analysis of the Global Automobile Industry
---- Acknowledgements -----
We would like to thank Victor Aguirregabiria, Adam Copeland, Eugenio Miravete, Martin Pesendorfer, Mark Roberts, Aloysius Siow, John Sutton, and numerous seminar participants for their comments. We also thank Bart Van Looy for help with the patent data. Financial support from AUTO21, CFI, and SSHRC is greatly appreciated. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.