A central debate in economics concerns the relationship between competition and innovation, with some stressing that … competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur … currently dominant and other firms to invest more in innovation. We examine the impact of competition laws on innovation. We …

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and …: while most innovating firms in the US are publicly traded conglomerates, a substantial fraction of innovation is … countries, where business groups tend to be concentrated in industries with a slower and more fundamental innovation cycle and …

legal environments and technological innovation. I examine firms' use of indirect price discrimination in response to U …

An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …