and direction of innovation, but at the same time confined to the role of payer of first and last resort, with dire …

differentiation and component innovation. We show that, as the complexity of the product spaces increases, stronger patent regimes … yield lower rates of innovation, lower product quality and lower consumers' welfare. …

We study the impact of alternative innovation policies on the short- and long-run performance of the economy, as well … consider market-based innovation policies such as R&D subsidies to firms, tax discount on investment, and direct policies akin … allocated to market-based interventions, 'Mission' innovation policies deliver significantly better aggregate performance if the …

an innovation rewarding institution. According to our analysis, pharma patents have constituted legal barriers to protect …

discusses some of the interpretative achievements stemming from e.g. the economics of innovation, industrial economics …