imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long … contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze … welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation …

option of selling to an incumbent increases innovation incentives for entrepreneurs when network effects are strong and … necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the … entrepreneur has strong incentives to invest in the initial user base of the innovation. …

-enhancing role of innovation and innovation policy. The analysis combines innovation variables with indicators linked to the … formation of adequate social conditions for innovation (the social filter), and spillovers for 31 Mexican states and the Mexico … not only from knowledge spillovers, but also from being surrounded by rich neighbors with good social conditions. The …

OECD member countries and 2 non-member countries. As countries differ in their national innovation systems and states of …-Saxon countries, the measurement of R&D efficiency needs to consider differences in the technology of knowledge production. The … account for country-specific heterogeneity. This paper models technological differences in knowledge production among …

“cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …