This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …

We examine the effects of the State Innovation Models (SIM) on population-level health status. The SIM initiative …

We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity … similar goods. The balance of adoption and innovation determines the shape of the distribution; innovation stretches the … of innovators. While innovation drives long-run growth, changes in the adoption environment can influence growth by …

The achievements in agricultural innovation over the past century have been impressive, supporting large increases in …

by the composition and extent of aggregate demand. The direction and speed of innovation is inefficient because …

). We present models in the literature that extend the EK model of trade to innovation, diffusion, and multinational firms …

The contribution made by innovation and new technologies to economic growth and welfare is largely determined by the … neglected one in the economics of innovation. This chapter, written for a handbook on innovation, provides a historical and …