. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …

centerpiece policy on this topic: the US Small Business Innovation Research (SBIR) program. We trace its legislative history and … may reshape the program's comparative advantage in the innovation policy toolkit …

knowledge externality. We write down an endogenous growth model with innovation step size and process efficiency as alternative …

findings in part explain why innovation prizes lost favour as a technology policy instrument in both the United States and …

. Accordingly, this paper offers an empirical comparison of patents in relation to the award of prizes for technological innovation … unpredictable, and was unrelated to such proxies for the productivity of the innovation as inventive capital or the commercial …

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may … be particularly conducive to innovation, and demonstrates that, in general, the optimal policies of the leader should … industrial policies, public investments, and systems of social protection), not only leading to more innovation, but ensuring …

frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …