We consider a model of innovation that distinguishes between ideas and innovations. While innovation responds to … incentives, ideas are a scarce resource that provide an exogenous constraint on the rate of innovation. We investigate how the … optimal reward structure is shaped by the scarcity of ideas. Substitute ideas for innovation in the model arrive to random …

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

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

relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …

development of new energy technologies (Popp, 2017). Energy innovation tends to consist of a series of partially overlapping …