Bank decision in 1998. Many scholars, both legal and economic, have critiqued both the quality of these patents and the … decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about … system and innovation. It concludes by finding some consensus in the literature about the problems associated with this …

top 1%. In this paper we argue that the growing importance of digital innovation – new products and processes based on … Schumpeter's vision, digital innovation gives rise to ”winner-take-all” market structures, characterized by higher market power … digital non-rivalry, which allows for massive economies of scale and reduces costs of innovation. The latter stimulates higher …

We study why acquisitions of entrant firms by an incumbent can deter innovation and entry in the digital platform …

the size of the economy, (2) the association between an increase in economic output and an increase in bank development …

. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a … the bank faces a tradeoff between provision of insurance and maintenance of private incentives …

sensitivity of deposit flows to bank performance. The fragility is stronger when the aggregate conditions in the banking system …