Globalization and competition

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This supplement presents contributions from the 71st Annual Meeting of the Association of German Economic Research Institutes, focusing on the contentious issues of “Globalization and Competition.” It argues that increased competitive intensity does not act as a significant “equalizer”; rather, it highlights areas where organizational and institutional differences persist, which are crucial for the success of business strategies and governmental policies. Uwe Canter and Andreas Meder analyze cooperative invention determinants, emphasizing that regional proximity drives cooperative innovations, maintaining path dependencies even amid globalization. Pio Baake and Christian Wey discuss how growing demand-side market integration introduces new anticompetitive effects of mergers. Tim Mennel and Maria Viecens compare national approaches to utility regulations in Europe, Chile, and Brazil, revealing enduring differences. Michael Rothgang examines the diversity of innovation processes, while Christian Rammer and Anja Schmiele underscore the significance of absorptive capacities as innovation processes become more international. Lastly, Jutta Günther and co-authors demonstrate that foreign subsidiaries often lack connections to the local innovation system in East Germany.