theensuing innovation race, firms interact through information spillovers resulting fromthe imperfect appropriability of research … successes. In the random period of the experiment,the continuity of the search process is disturbed by an exogenous shockthat … of agents who are engaged in innovation activities. As a key element wetest to what extend relative economic performance …

Innovation occurs within ... …

promote innovation? This article grapples with the second-order question: What policies should we adopt to promote innovation … about promoting innovation? I argue that empirical progress in patent law depends on greater policy diversity (rather than … more robust theory development about the mechanisms by which innovation policies work. This pluralistic, evidence …

All creativity and innovation build on existing ideas. Authors and inventors copy, adapt, improve, interpret, and … innovation to ensure that initial creators and subsequent creators receive the appropriate sets of incentives. Although many … innovation, that work has rested on a set of untested assumptions about creators’ behavior. This Article reports four novel …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …