The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

can deliver along the balanced growth path a plausible innovation rate of 2.84% per year and an economy-wide markup rate …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …

We construct a model of dynamic endogenous product innovation and international trade, using it to calculate the … spur innovation of Northern goods and to make available greater resources for Northern production of current consumption …

and innovation. This gives rise to an autonomous system of mixed-type functional differential equations (FDEs). Its …