that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …

combine the best aspects of innovation races and research tournaments. …

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …

resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation tend to be profitable, but …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …

technological lead spawn more successful spinouts. Building on these observations, I build a structural model of innovation and firm … dynamics, where firm heterogeneity arises from endogenous decisions of innovation workers to become entrepreneurs and create … affecting employee entrepreneurship for aggregate innovation and growth. …