monotonically increasing in either the reliability of the communication network or the productivity of innovation. …

Scientific progress is driven by innovation ?which serves to produce a diversity of ideas ?and imitation through a …

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 …

This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. When product … innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. In the … signaling model, the firm therefore times its innovation to communicate its private information about the marginal cost of delay …

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

forward protection reduces the rate of innovation and imposing a nonobviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation …

innovation. …