agenda to integrate major research streams treating innovation as an object of economic analysis into our standard models … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …

We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …

failure tolerance and a sharp guillotine helps explain when and where radical innovation occurs …

product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …, that patent protection can complement competition in inducing innovation …

We show a causal impact of immigration on innovation and dynamism in US counties. To identify the causal impact of … recent decades. We show four main results. First, immigration has a positive impact on innovation, measured by the patenting … impact of immigration on innovation percolates over space, but spatial spillovers quickly die out with distance. Fourth, the …

innovation. Agents accumulate knowledge through two activities: innovation (discovering new technologies) and exploitation …

We study how barriers to competition---such as restrictions to business start-up and strict enforcement of covenants or … IPR---affect the investment in knowledge capital when contracts are not enforceable. These barriers lower the competition …

-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …