for innovation by establishing finite periods of market exclusivity yet simultaneously providing access to lower cost …

We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …

products to China. We find causal evidence that offshoring impacts both the level and nature of innovation. In the technologies … directly related to product categories that could be offshored more easily after the policy shock, overall innovation levels … decline and innovative effort shifts away from product innovation and towards process innovation. However, we also find …

This paper is an attempt to explain diffusion in the production of an innovation. Diffusion in production is defined as … innovation. The principal variable that explains diffusion of entry is the demonstration effect. The principal variable that …

policy, due to their potential to foreclose competition and affect innovation incentives. We exploit major new product …