Encouraging innovation is an important part of environmental policy. A large literature in environmental economics examines the links between environmental policy and innovation. This paper reviews recent literature on green innovation. I highlight major trends in the literature, including an...

Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup's likelihood of reaching the right tails of the firm size and...

Academic, medical, and research communities are struggling to quickly and effectively address unethical conduct within their professional ranks. Without a policy in place, individuals and institutes are subject to convoluted procedures and unnecessary consequences. In addition to policies geared...

Cover -- Wirtschaft -- Fortschrittsdenken in der Ökonomie. Neoklassische Ökonomie versus Nachhaltigkeitsökonomie -- 1. Zur Problemstellung -- 2. Das Fortschrittsparadoxon in der Ökonomie an ausgewählten Beispielen -- 3. Die Beurteilung wirtschaftlichen Wachstums aus verschiedenen...

We provide evidence that risk aversion leads pharmaceutical firms to underinvest in radical andnovel innovation. We do so by introducing a new measure of novelty: a drug candidate is novelif it is molecularly distinct from prior candidates. Using our measure, we show that firms face arisk-reward...