's "revealed beliefs" about future performance and standard measures of corporate innovation. We begin by developing a career … underestimate the probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive … their firms in a new technological direction. This paper was accepted by Kamalini Ramdas, entrepreneurship and innovation. …

We study the impact of small firms on innovation in regions where large labs are present. Small firms generate demand …-level patent data during the period 1975–2000 and find that innovation output is higher in regions where both a sizable population …

We study the interplay between transportation infrastructure, knowledge flows, and innovation. Exploiting historical … variation, we estimate the effect of U.S. interstate highways on regional innovation. We find that a 10% increase in a region …

Patents are a useful but imperfect reward for innovation. In sectors like pharmaceuticals, where monopoly distortions … lower prices. Innovation prizes and other non-patent rewards are becoming more prevalent in government's innovation policy … therefore can generate the right innovation incentives. …

externalities and their impact on regional innovation. We examine MSA-level patent data during the period 1975-2000 and find that … innovation output is higher in regions where large and small firms coexist. The finding is robust to across-region as well as …

We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains … potential gains from trade are more likely to change ownership, suggesting that the market for innovation is efficient. We also …

We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains … trade are more likely to change ownership, suggesting that the market for innovation is efficient, and the impact of trade …

" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …

Cumulative innovation is central to economic growth. Do patent rights facilitate or impede such follow-on innovation …. Patent rights appear to block follow-on innovation only in the technology fields of computers, electronics and medical … small innovators, suggesting that patents may impede the ‘democratization’ of innovation. …