measure for the innovative activity of a firm to identify the effects of credit constraints on the innovation behaviour of … financing conditions do not foster it. To explain this novel result we extend the usual theory of innovation activity by … rigidities with respect to a firm’s individual innovation capacity, which leads to a differentiation between a long run and a …

We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks …

innovation market. If employment protection is introduced, firms’ willingness to pay for product or process innovations increases …. This shifts economic activity towards firms specializing in process and product innovation and triggers entry of new start … innovations and firms. …

In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using … statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms …

. Barriers to entrepreneurship, to setting up new firms and to innovations which are prevalent on goods and capital markets also …

be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R …

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …