” commercialization. However, when focusing on downstream industry segments that bring patented technologies to market—“innovation” in an … concentration ultimately harms innovation, efficiency, consumer welfare, and democratic representation. It argues that patent law … provides prescriptions for enhancing industry entry through private ordering, federal innovation policy, and antitrust …

not feel pressure (Carlin and others 2001; World Bank 2004). However, competition also appears to affect innovation in … of competition and, consequently, assesses their net impact on innovation. He finds that reducing tariffs and enacting … and enforcing competition laws modestly increases both the pressure that firms feel regarding innovation and the level of …

This essay reviews Michael Carrier's recent book, Innovation in the 21st Century. While the book is well-written and …-relevant "innovation market." The essay notes that there is considerable uncertainty about the relationship between regulation and … innovation, and suggests that Carrier is insufficiently sensitive to the limitations of his analysis …