We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

countries can simultaneously use patent boxes and R&D subsidies to promote innovation. We show that when countries set their tax … policies unilaterally, innovation is fostered, at the margin, only by the R&D subsidy. The patent box tax rate is instead …Many countries have introduced patent box regimes in recent years, offering a reduced tax rate to businesses for their …

these gains derive from a concurrent effort to raise worker skills and adopt more advanced technology, suggesting a skill … bias in technological innovations. We develop a simple theoretical model of foreign ownership featuring technology …

Innovation is part idea generation and part development. We build a model of “innovating-bydoing,” whereby ideas come … to practitioners. Successful innovation requires that practitioners’ideas be developed through costly effort. Our model … program onmedical equipment innovation. Our model’s structure allows us to infer the Medicare program’saggregate effects. We …

expenditures in Asia. Neither do the results suggest that the nexus between globalisation and social expenditures varied across …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … provisions. This points to a basic trade-off between the goals of raising competition in technology-intensive markets and the …