(innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … and to financial constraints imposed by capital markets, both of which are hostile to innovation. …

of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …

This paper analyzes the effect of an increase in patent scope on R&D and innovation. It presents a model where patent … duplication of R&D. The model predicts that an increase in patent scope can increase the probability of innovation if the … incumbent’s profit increase from innovation is large and the patented technology has a small advantage over the alternative …

entrepreneurial effort, entrepre-neurial innovation and capital investment. Because of these constraints, the entrepreneurial project …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …

entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property … them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in … increasing the rate of entrepreneurial innovation. …