which Northern innovation, Southern imitation, and FDI are all endogenous. Our model predicts that IPR reform in the South …, Northern resources will be reallocated to R&D, driving an increase in the global rate of innovation. We test the model …

, future consumers would be harmed at a rate of three dollars in present value terms from reduced future innovation. We obtain …

analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …

stage pharmaceutical innovation? We explore this question using novel data sources and an empirical framework that models … implications of our results for long-run welfare, policy, and innovation …

frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates … technology diffusion, with the productivity of imitation modeled by a catch-up function that increases with distance to the …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …

two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …