Empirical evidence about innovation is doubtful in showing incumbent firms’ and new entrants’ attitude toward radical innovations. Moreover, theoretical works exhibit divergent conclusions when investigating the incentives to innovate. Our paper emphasizes the importance of distinguishing...

The paper studies whether (and how) redistributive choices aim to reward others’ sacrifice of their own interest for the community’s sake and whether this introduces a trade-off between the willingness to reward cooperation and a pure meritocratic ideal. We design an online social preference...