of R&D. Our work analyzes knowledge diffusion and knowledge externalities in generating innovation and in determining … productivity of R&D resources in generating innovation (patenting) and productivity (TFP). While we find that knowledge diffusion …

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

, we empirically analyze the determinants of innovation in electricity generation, and the role of storage in directing … innovation. Our results show that electricity storage increases innovation not only in renewables but also in conventional … technologies. This implies that efforts to increase innovation in storage can benefit conventional, fossil fuel-fired electricity …