outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any …

agenda to integrate major research streams treating innovation as an object of economic analysis into our standard models … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …

Against Intellectual Monopoly by Boldrin and Levine (“B&L”) makes the case that intellectual property does not promote … innovation or lead to greater economic growth, by highlighting numerous examples from industries in which innovation increased … without patent or copyright protection. The authors also argue that companies only try to obtain an intellectual monopoly …

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … between increasing returns and monopolistic markets. In fact, established wisdom claims monopoly power to be instrumental for …