The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

can deliver along the balanced growth path a plausible innovation rate of 2.84% per year and an economy-wide markup rate …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …

We construct a model of dynamic endogenous product innovation and international trade, using it to calculate the … spur innovation of Northern goods and to make available greater resources for Northern production of current consumption …

This paper seeks to explore the types of innovation that are predominant in SMEs in developing countries and to … investigate the impact of these innovations on different dimensions of firm performance based on an industry-wide innovation … survey carried out in Nigeria in 2007. Although innovation is important for superior firm performance, our result found that …

This chapter seeks to make some contributions to the literature on firm-level innovation in Africa by attempting to …-wide study. We focused on the product and process innovation activities of firms between 2003 and 2006 and found differences in … the factors that drive them at the firm level. Our results further show that interactions matter more than most innovation …