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

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …

their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of … the “inverted-U” relationship between innovation and competition to a merger setting …

harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an … to license all its existing patents royalty-free. The compulsory licensing increased follow-on innovation building on … Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased only outside the …

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …

Environmental regulations have consistently been found to spur innovation in ‘clean' technologies, with one significant … effect on innovation. Several explanations have been offered, including secondary market failures and a lack of polluter …, contrary to past experience, encouraged innovation rather than adoption. I discuss how these contrasting findings can be …