-level productivity growth, and an inverted-U relationship between competition and firm-level innovation. Notwithstanding the positive …I incorporate an insight of Friedrich Hayek - that competition allows a thousand flowers to bloom, and discovers the … best among them - into a model of Schumpeterian innovation. Firms face uncertainty about the optimal direction of …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

The primary aim of the paper is an analysis of the relationships between growth, innovation and subsidies based on a … statements with data from innovation surveys of the Czech Statistical. Innovation activities of firms are modelled as a four … problem. In the first two stages determinants of decision to innovate and consequent innovation investment are separated. In …

The primary aim of the paper is an analysis of the relationships between growth, innovation and subsidies based on a … statements with data from innovation surveys of the Czech Statistical. Innovation activities of firms are modelled as a four … problem. In the first two stages determinants of decision to innovate and consequent innovation investment are separated. In …

Innovation entsteht kein Produkt. Wie sich Unternehmer beim Hervorbringen von Innovationen verhalten, ist aber weitgehend … unbekannt – und damit auch, welches Verhalten sich positiv und welches sich negativ auf eine Innovation auswirkt. Ueber dieses …

employment is regained by more policy attention toward innovation and its underlying research and development (R&D), accompanied …

Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines … equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger decreases … competition among firms leads to an increase in the variety of developed projects and a decrease in the amount of duplication of …

, competitive pressure in the ensuing innovation race induces firms to launch innovations too early, thereby raising the likelihood … punitive damages instead of mere compensation of harm caused, in order to decelerate such welfare-reducing innovation races …