future of innovation? First-rate inventions in the 1990s, notably the web and user-friendly business productivity software … markets that welcome innovation, while Europe remains under the control of corporatist institutions that dampen competition …

. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …

The creative industries have long been seen as an innovative sector. More recent research posits that creative … occupations are also a fundamental, but overlooked, driver of innovation. Theory also suggests cities are important for both … the links between creative industries, occupations, cities and innovation at the firm level. This paper addresses this gap …

This Paper considers the financing of a research project under uncertainty about the time of completion and the …

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …

correlated learning may render it optimal to enter markets sequentially – an investment in market A is only followed by entry in …, we identify correlated learning across markets beyond alternative explanations as a key driver of gradualism in the …