-business technology with uncertain quality depending on its innovation and adoption cost and both firms' adoption timing. When innovation …

This paper presents a model of sequential innovation in which industry structure is endogenous and a standard of … nonobviousness; in Europe it is called the inventive step). The rate of innovation initially rises as this standard is raised from … standard that maximizes the rate of innovation. Surprisingly, this critical standard is more stringent for industries disposed …

Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political … setting of countries with different innovation and financing capabilities, and where financing governments rely on taxes to …

world with two heterogeneous countries featuring different sizes and innovation capacities. Moving to an international …

recognition and decent revenues), must (still) be in want of innovation.The pace of change in our industry means that even the … the world — for their insights around what constitutes innovation, the barriers to implementing it, and how to overcome …

their ability to convert local academic research into local commercial innovation. We develop and test the hypothesis that … the presence of a large, local, R&D-intensive firm—an anchor tenant—enhances the regional innovation system such that …