This paper builds a model of stock exchange competition tailored to the institutional and regulatory details of the …-frequency trading. The robust conclusion is that private innovation incentives are much smaller than the social incentives, especially …

Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … effects of competition on individuals' creative production. Using a sample of commercial logo design competitions, and a novel …, content-based measure of originality, I find that intensifying competition induces agents to produce original, untested ideas …

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

innovation competition using the geography of Chinese internet penetration and Chinese import data. Increases in the ability of … from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to … rate, consistent with increased intellectual property competition …

We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …

at which they upgrade the quality of their products. We analyze the effect of import competition on quality upgrading …

public policy objectives, including value-creation, innovation, and competition. A number of novel data-collection methods …, including value-creation, as measured by the likelihood and size of IPOs and M&As, and innovation, as measured by patents. It is …

agenda to integrate major research streams treating innovation as an object of economic analysis into our standard models … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …

beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can … fundamentally affect merger analysis in two ways. First, innovation can dramatically affect the relationship between the pre …-merger marketplace and what is likely to happen if a proposed merger is consummated. Thus, innovation can fundamentally influence the …