of product market regulation on mark- ups, firm dynamics, investment, employment, innovation, productivity and output …

industrial dynamics, articulates the role and function of entrepreneurial experimentation in innovation systems. This paper … develops the concept of "entrepreneurial systems of innovation" to address this gap in the literature. We argue that … conceptualized in terms of its function in innovation systems rather than as an outcome. At the systems level, the central function …

The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …

This paper presents a dynamic partial equilibrium model that endogenizes firms' investment decision on innovation …: product innovation causes horizontal expansion growth, and process innovation causes vertical expansion growth. Market … structure in different markets emerges as a consequence of different investment on innovation opportunities. Main variables that …