of ‘new combinations’. According to him, innovation and entrepreneurship are destructive elements driving the system …

Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … existing knowledge is supplemented by the idea that markets are also most effectively creating new knowledge. However, in his … assessment Hayek neglects the role of new technological knowledge. He ignores that the discovery procedure induces not only price …

-doing and organizational forgetting in R&D on firms' incentives to innovate. I develop a dynamic step by step innovation model … with history dependency. Firms can accumulate knowledge by investing in R&D. As a benchmark I show that without knowledge … accumulation the leader's R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain …

learningbydoing and organizational forgetting in R&D on firms' incentives to innovate. A dynamic step-by-step innovation model with … history dependency is developed. Firms can accumulate knowledge by investing in R&D. As a benchmark without knowledge …, the leader's R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain …

ideas are perfect complements, product market competition is unambiguously bad for growth. eywords: …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …

low-trust societies, suggests reexamination of the presumed positive relationship between social trust and innovation …. Multi-level analyses conducted in this paper reveal that the role of social capital in innovation is different in East Asia …. Shared social norms such as growth primacy and reciprocity and values of accepting competition and performance …