domestic welfare. We consider the potential implementation of three innovation agreements: cooperative research joint venture …

Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that …

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 …

innovation market. If employment protection is introduced, firms' willingness to pay for product or process innovations increases …. This shifts economic activity towards firms specializing in process and product innovation and triggers entry of new start …

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 …