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

recent years. This paper explores whether and to what extent we can consider lack of innovation and technology adoption as a … main reason for this disappointing experience. The paper starts by documenting that technology adoption and innovation are …

There is a common perception that low productivity or low growth is due to what can be called an `innovation shortfall …,` usually identified as a low rate of investment in research and development (RD) compared with some high-innovation countries … problems that impede accumulation of all kinds of capital. When does a country suffer from an innovation shortfall above and …

foster cooperation in sectors where the economy already shows comparative advantage. In regard to innovation, general … policies that aim to increase innovation across the board are likely to be inferior to policies that take a more selective … approach by trying to induce the development of innovation clusters in areas of comparative advantage. The paper concludes with …

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 …

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 …