receives a private signal on the success probability of one of many potential research projects and decides when and which … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …

The challenge of mitigating climate change has focused recent attention on basic scientific research feeding into the …

We explore the determinants of research specialization across countries and its consequences for relative wages. Using … research regardless of trade barriers or research productivity. As long as trade barriers are not too high, faster diffusion … shifts research activity toward the country that does it better. This shift in research activity raises the relative wage …

Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of …