economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of …

The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to …

automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional …

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 …

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …