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 …

include measures of innovation outcomes as well as variables related to innovation effort. The main indicator of innovation … outputs is patents. The main variables related to innovation inputs are investment in research and development (R&D) and … of innovation outputs and inputs by looking at the over-time behavior of the relevant series and comparing the …

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