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 …

We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …

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 …

Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs …

justify high prices for the population as a whole, innovation improves the welfare of sicker, late-stage cancer patients. A …

welfare effects and point to migration and, to a lesser extent, innovation as important adaptation mechanisms. We use the …

that the total current period (static) welfare gains of introducing a process or a product innovation are, on average …