countries (LDCs). It starts by discussing the consequences of IP enforcement in LDCs for global innovation and welfare in poorer …

A few recent contributions have claimed that in high-tech industries—where innovation is often cumulative and products … include many components which are protected by patents in the hands of many different patent holders—the cost of obtaining all … royalty stacking problem to exist: (a) innovation must be cumulative, so that the patents are complementary; (b) there must be …

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … innovation and sees the non-rivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the …

innovations by taking more time to perform their reviews. We study the relationship between the length of patent review and the … importance of inventions in a theoretical model. We build a simple model of the US patent review process. The model predicts that …, controlling for a patent's position in the new technology cycle, more important innovations would (and should) be approved more …

may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …

business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started …

populations. First, more that demonstrating the importance of cultural diversity for entrepreneurship, we show that the type of …

between FDI and entrepreneurship; positive spillovers via dissemination of technology or negative because of crowding out. Our … entrepreneurship in aggregate and intra-industry to be negative. Policies need to consider how to counteract this effect. …