innovations that will replace current innovations imply that social benefits from innovation are not fully internalized. As a …

In this paper we analyze the conditions under which firms decide to offshore innovation. We consider the role of … technological change. Using unique data from the German Innovation Survey we find that while high speed of technological change … tends to drive innovation offshoring, high uncertainty about future technology developments results in more innovation …

In this paper we analyze the conditions under which firms decide to offshore innovation. We consider the role of … technological change. Using unique data from the German Innovation Survey we find that while high speed of technological change … tends to drive innovation offshoring, high uncertainty about future technology developments results in more innovation …

Schumpeterian patterns of innovation characterized by a stable number of large-established firms and a lower degree of turbulence. …

Innovation has traditionally been seen as the province of producers. However, theoretical and empirical research now … designs. In this paper, we build a microeconomic model of a market that incorporates demand-side innovation and competition …, and show that social welfare rises when firms utilize this source of innovation. Our modeling also indicates reasons for …

implications of mergers for innovation incentives and technical tying/compatibility decisions are explored. Welfare implications of …