We analyze social learning and innovation in an overlapping generations model in which available technologies have … path of a Brownian motion with drift. Marginal innovation consists in choosing a technology within the convex hull of … policies already explored and entails no direct cost. Radical innovation consists in experimenting beyond the frontier of that …

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … innovation (combining existing technologies) and radical innovation (breaking new ground). We characterize both short-term and … long-term dynamics of innovation, and the intergenerational accumulation of knowledge. Innovation cycles emerge …

In this paper we analyse the decision of firms in the Canadian manufacturing sectorto co-operate on innovation projects …. Our focus is on the motives behind this decisionand the firm characteristics, both general and with respect to innovation … activities,which influence the motives for innovation co-operation. Using data from theCanadian Survey of Innovation 2005 we find …