Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …

This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …

Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic …

This paper explores the economic incentives for medical procedure innovation. Using a proprietary dataset on billing … code applications for emerging medical procedures, we highlight two mechanisms that could hinder innovation. First, the … administrative hurdle of securing permanent, reimbursable billing codes substantially delays innovation diffusion. We find that …

indicate that increases in the share of a firm's innovation performed by inventors of a particular ethnicity are associated …

Pharmaceutical innovation policy involves managing a tradeoff between high prices for new products in the short … pharmaceuticals, suggesting low(er) price markets may have different dynamics with respect to innovation policy …

We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects … innovation and changing external conditions, especially reduced experimentation costs …

High-skilled immigrants are a very important component of U.S. innovation and entrepreneurship. Immigrants account for … home country remains unclear. We know very little about return migration of workers engaged in innovation and …