We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality …

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …

We empirically investigate whether the persistence of politicians in political institutions affects the innovation …' innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians … persistence and the probability of process innovation. This finding is consistent with the view that political stability may …

efficient technology even in the absence of taxation. When taxation is necessary for innovation, both types of taxes are … effective. However, the energy tax outperforms the emission tax in terms of innovation incentives …

commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive …

approach used in earlier papers. Consumers choose between two duopoly carriers, each of which has evenly spaced flights, by …

We build a two-country model with an international duopoly and capital-market integration. We examine how the …