Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

well as privacy regulation and privacy-related innovation more broadly …This paper reviews the economic literature on the European Union's General Data Protection Regulation (GDPR). I … highlight key challenges for studying the regulation including the difficulty of finding a suitable control group, variable firm …

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We … market forces tend to inefficiently concentrate research on leading paths. We demonstrate that ex post regulatory instruments … in resource allocation across research paths, challenging common intuitions about diversification. These insights have …

, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in … are subject to regulation by local authorities, resulting in both practical and strategic implications for manufacturers …

This study investigates how enhanced regulation can promote innovation, focusing on the impacts of a significant … recognized the improvement in drug innovation, as reflected in stock price adjustments post new drug registrations after the … latecomers could boost their innovation potential by adopting specific, effective regulatory practices from frontier countries …

employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify … that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees …, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity …

paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …

We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and … employment agreements. We consider firms whose ability to protect intellectual property (IP) using patents is weakened following … the Alice Corp. vs. CLS Bank International Supreme Court decision. This decision has impacted patents in multiple areas …