This paper proposes a quantitative model of firm dynamics with endogenous innovation to study growth acceleration …

The primary objective of this paper is to develop a two-country, dynamic, general equilibrium model with innovation … products are endogenously discovered through stochastic and sequential global innovation contests in which challengers devote …

This paper studies the relationship between optimal prizes and scarcity of ideas in innovation contests. We consider a … model where both ideas and effort are integral parts of the innovation process. Contest participants are privately informed …

neoclassical growth model, economics has produced a strong consensus that the economic gains from innovation dwarf those to be had … restraints on innovation can do far more harm to the economy than restraints on traditional output or pricing. Many practices … that violate the antitrust laws are best understood as restraints on innovation rather than restraints on pricing. While …

The importance of intellectual property (IP) rights for commercializing innovation is well established. Moreover … innovation alone, it is not clear how obtaining IP rights will impact the choice between licensing product rights and continuing … the primary patent covering an innovation and whether the innovating firm's licenses its innovation or raises external …