We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …

This article adopts a marketing perspective to examine how blockchain technology can facilitate innovation by …

entrant or incumbent firm. If the inventor works for the entrant the innovation is implemented and the entrant displaces the …

Innovation depends on exporting and, in particular, on scale and competition in export markets. We develop a theory … featuring (1) quality-segmented markets, (2) step-by-step innovation that moves firms forward along the quality ladder, and (3 …) escape-the-competition motives for innovation. We derive four predictions about the impact on innovation of scale and …

This paper explores the implications of a simple model of learning and innovation by firms. In this model R … learning and innovation, with learning responding to opportunities, innovation responding to learning and own R&D, and a stream …

innovation technology takes the form assumed in the literature, the actual US R&D intensity may be the socially optimal …