An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

This paper provides an update of the NESTA Innovation Index and tries to calculate some facts for the 'knowledge …