We model a key step in the innovation process, hypothesis generation, as the making of predictions over a vast …, they use artificial intelligence (AI) instead. We model innovation as resulting from sequential search over a combinatorial … innovation outcomes of interest - the probability of innovation, expected search duration, and expected profit. We describe …

Can frontier innovation be sustained under autocracy? We argue that innovation and autocracy can be mutually … stimulates further innovation in applications beyond those benefiting it directly. We test for such a mutually reinforcing … suppresses subsequent unrest. We then show that AI innovation benefits from autocrats' suppression of unrest: the contracted AI …

Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation … several contexts for research in innovation. We benchmark and demonstrate the benefits of this approach in the context of 44 …

We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and …

, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …

Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping … stifling broad sectoral innovation. We conclude with speculations regarding how this oligopolistic future might be averted …