government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

California law that make non-compete agreements unenforceable. Consistent with our model of innovation, mobility rates outside of …

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

a measure of technology that isolates sources of innovation and their contributions to domestic TFP. Within …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …

Fifty years ago, Punjab embarked on its famous Green Revolution, leading the rest of India in that innovation, and … new round of agricultural innovation in Punjab. These are: complexity of the agricultural economy, complementary inputs … such as infrastructure, switching costs (including risks), balancing frontier innovation and adaptation, and the relative …

coevolution of market and network structure matter for the relationship between competition and innovation. Moreover, our model …

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

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 …