, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …, but not too strict, merger policy tends to increase the incentive for innovations for sale by ensuring the bidding … competition for the innovation, without reducing the total rents for innovations too much. …

This Paper presents a model of innovations and economic growth, in which patent rates emerge endogenously, as a result …-inefficient, as too many researchers look for the easy innovations, while too few search for the difficult ones. The third result is …

from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the … incumbents compete to preemptively acquire innovations. We thus establish that network effects and installed bases do not …

often set the incentives for the development of innovations economy-wide. In this paper, guided by recent micro- and macro …-economic research, we discuss vices and virtues of the many ways to induce potential suppliers to create and sell innovations. We …

an increase in either the size or the frequency of innovations, from human capital accumulation through learning … of innovations or through introducing learning by doing with positive external effects across sectors) introduces new …

This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously …