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 …

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

to increases in R&D, patenting, IT and TFP within firms; and second it reallocated employment between firms towards more … in employment, profits, prices and the skill share. By contrast, import competition from developed countries had no … effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

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 …

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 …

Many countries provide financial incentives to spur innovation, ranging from tax incentives to research and development … grants. In this paper, we study how such financial incentives affect individuals' decisions to pursue careers in innovation … innovation are extremely skewed – with the top 1% of inventors collecting more than 22% of total inventors' income – and are …

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 …