Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

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

-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …

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 …

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 …

externalities but also by innovation market failures. This paper maps the economics literature on innovation market failures 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 …