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 develops a framework for testing discrete complementarities in innovation policy using European data on … obstacles to innovation. We propose a discrete test of supermodularity in innovation policy leading to a number of inequality … constraints. We apply our test to two types of innovation decisions: to innovate or not, and if so, by how much. We find that …

simple model of cumulative innovation is presented where technology spillovers arise endogenously through labour mobility. It … to develop an innovation is neither very high nor very low. Trade secret protection based on punitive damages is, except …

Community Innovation Survey (CIS) data for 14 European countries. Our model incorporates three groups of variables which could … firm, the second group measures different innovation activities and the third group describes the internationalisation of …

more likely in situations where the innovation step is large and the probability for a firm to be the only innovator is …