questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … same innovation(s) themselves or by making some pre-specified payments to the technological leaders. We prove the existence …

questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … same innovation(s) themselves or by making some pre-specified payments to the technological leaders. We prove the existence …

questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … same innovation(s) themselves or by making some pre-specified payments to the technological leaders. We prove the existence …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … "cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …, those with cuddly reward structures, though poorer, may have higher welfare than cutthroat capitalists; but in the world …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … “cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others … with cuddly reward structures, though poorer, may have higher welfare than cutthroat capitalists; but in the world …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … "cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …, those with cuddly reward structures, though poorer, may have higher welfare than cutthroat capitalists; but in the world …