-frequency trading. The robust conclusion is that private innovation incentives are much smaller than the social incentives, especially …

Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … for the management of creative workers and for the implementation of competitive procurement mechanisms for innovation …

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

from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to … innovation competition using the geography of Chinese internet penetration and Chinese import data. Increases in the ability of …

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

public policy objectives, including value-creation, innovation, and competition. A number of novel data-collection methods …, including value-creation, as measured by the likelihood and size of IPOs and M&As, and innovation, as measured by patents. It is …

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 …

beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can … fundamentally affect merger analysis in two ways. First, innovation can dramatically affect the relationship between the pre …-merger marketplace and what is likely to happen if a proposed merger is consummated. Thus, innovation can fundamentally influence the …