In this paper we study how the existence of a functioning market for technology differentially conditions the entry … for technology facilitate entry of firms that lack proprietary technology and increase vertical specialization. However …

We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …

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 …

. Regardless of definition, size at entry is larger for employee spinoffs than for new firms without parents but smaller than for …

Recent work highlights a falling entry rate of new firms and a rising market share of large firms in the United States …

on innovation through product market competition with more established firms (such as in many areas of the electronics …

Existing theories and empirical research on how innovation occurs largely assume that innovativeness is an inherent … differently than those who do self-select into innovating. To test these questions, we designed and implemented an innovation …