Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

We present evidence of a causal impact of research and development (R&D) tax incentives on innovation. We exploit a …

The Plant Patent Act of 1930 was the first step towards creating property rights for biological innovation: it … varieties to examine whether the Act encouraged innovation. Nearly half of all plant patents between 1931 and 1970 were for … innovation: less than 20 percent of new roses were patented, European breeders continued to create most new roses, and there was …