Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question … invention, using data on U.S. patents’ Finnish inventors and the distance to the nearest technical university as an instrument …

We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the … also engage in the costly, risky, and potentially profitable process of innovation: Financiers can invent more effective …. Consequently, technological innovation and, thus, economic growth stop unless financiers continually innovate. Historical …

individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …

contractible or when we preclude cooperation in long-term relationships, (ii) the rate of innovation in the cooperative equilibrium … period). In that case, for sufficiently slow diffusion, the innovation rate in the cooperative equilibrium may be higher than …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we find evidence …

This paper quantifies the relationship between market size and innovation in the pharmaceutical industry. We estimate … the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … mean market size an additional $1.8 billion is required in additional patent life revenue to induce the invention of one …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal …

innovation policy in the context of EU economic law (competition policy, intellectual property law, sector regulation). As such … law that moves beyond apparent conflicts and assumes innovation as the starting point. Taking this as the foundation, the … analytical grid to be used to identify ways in which economic law impacts innovation, and second an applied component that …

dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …