choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …

" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their … innovate. In addition, political connections relate to a higher rate of survival, as well as growth in employment and revenue …

Liability laws designed to compensate for harms caused by defective products may also affect innovation. We examine … negative impact on downstream innovation in medical implants, but it had no significant effect on upstream polymer patenting … effect on downstream innovation …

This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth … century. We use three new datasets: a panel of the universe of inventors who patent since 1920; a dataset of the employment … innovation: higher personal and corporate income taxes negatively affect the quantity and quality of inventive activity and shift …

How do non-practicing entities ("Patent Trolls") impact innovation and technological progress? Although this question …", who exploit the patent system to extract rents and thereby hurt innovation. We employ unprecedented access to NPE … also find that downstream innovation drops in fields where patents have been acquired by NPEs. Finally, our numerical …

education and the individual's IQ are controlled for; (ii) IQ has both a direct effect on the probability of inventing an … indirect impact through education. The effect of IQ is larger for inventors than for medical doctors or lawyers. The impact of … misallocation of talents to innovation …