innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation … several contexts for research in innovation. We benchmark and demonstrate the benefits of this approach in the context of 44 …

If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative … determinants of innovation in this sector to glean insights on how government may support the development and deployment of these … technologies. We argue that policies that were successful at supporting the first wave of renewables innovation may not be …

, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …

We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and … employment agreements. We consider firms whose ability to protect intellectual property (IP) using patents is weakened following …

What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of … ventures in the innovation process relative to more traditional alternatives such as academia and established private … generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents …

, on an employment-weighted basis, is U-shaped in firm age. Common uses of AI include marketing automation, virtual agents … reductions in employment due to AI use. Many firms undergo organizational changes to accommodate AI, particularly by training … higher incidence of employment expansion compared to other businesses. The most common reason for non-adoption is the …