We investigate optimal rewards in an R&D model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because...

This policy brief puts forward an analytical framework to capture the nature, dimensions, and spectrum of innovation in the military and broader defense spheres. Insights are drawn from a range of disciplines, including history, social science, business, and strategic studies. The...

What is military innovation? How should we think about Chinese military innovation? By developing an analytical framework that captures both the components of military innovation (technology, doctrine, and organization) and the continuum of change, we can better assess the nature, extent, and...

This is a collection of essays written for the Financial Express, an Indian financial daily. The common themes of these essays, which cover a period of almost four years, from August 2010 to June 2014, are issues of growth and innovation in India, considered in two sequential parts, each part...