We administer a newly-designed survey to a large panel of wealthy retail investors. The survey elicits beliefs that are …

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

top 1%. In this paper we argue that the growing importance of digital innovation - new products and processes based on … Schumpeter's vision, digital innovation gives rise to "winner-take-all" market structures, characterized by higher market power … digital non-rivalry, which allows for massive economies of scale and reduces costs of innovation. The latter stimulates higher …

-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent … of new firm entry, but rather by a small subset of high-growth startups that are primarily categorized as innovation …

the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES). We find … that the innovation subsidies are preferentially allocated to state owned firms and politically connected firms. Of these … also find that the firms that receive innovation subsidies file and receive more patents, are more likely to introduce new …

This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation … return of 9.7%, followed by 6% to 7% on organizational innovation and a modest 1.4% to 1.8% on R&D in services and …

of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … capability as unobserved, and use a latent class multinomial model to infer its value. Using a recent survey of product … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …

Innovation is important for firm performance and broader economic growth. But breakthrough innovations necessarily … effect on the rate of breakthrough innovation and the profitability of firms …

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

Our histories depart somewhat from the bulk of the energy innovation policy literature in focusing attention on the … role of vigorous competition - particularly entry - in stimulating innovation, suggesting that in several industries a mix … stimulating innovation by encouraging extensive competition and entry by newly founded firms. Many of the most innovative …