investments in innovation. But unlike monopolies in standard economic theory, innovation-based monopolies are temporary, for they …This paper describes what economists know, suspect, and guess about the underlying determinants of innovation. It … guide to avoiding public policy gaffes. A few general facts about innovation are relatively clear. Countries that show more …

I model an innovation game in which firms can choose to be leaders or followers. Internal finance leads to a stalemate … in which each firm wants to free-ride on the others' experimentation costs. Therefore, no innovation occurs. When instead … firms compete in the capital markets to finance innovation (e.g., in the case of venture capital) there is an endogenous …

This study investigates the relationship between key organizational elements (inputs,knowledge management, innovation … strategy, portfolio management, project management,and commercialization), business planning and the innovation rent. In order … to deepen the understanding of innovation management in small and medium-sized enterprises (SMEs), a strategic …