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

Abstract

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.Competition;Co-ordination;Finance;Innovation;

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