Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

service delivery and innovation in over 2,800 cities between 1875-1905. Exploiting the gradual expansion of a major civil … effective postal service contributed to innovation and growth during the Gilded Age …

the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES). We find … that the innovation subsidies are preferentially allocated to state owned firms and politically connected firms. Of these … also find that the firms that receive innovation subsidies file and receive more patents, are more likely to introduce new …

This paper studies how insurance coverage policies affect incentives for pharmaceutical innovation. In the United …