firms' incentive to innovate and social welfare. In this framework, exporting firms invest in R&D to reduce their production … government aims to maximize the social welfare. We consider different settings of firm competition to explore their strategic … market is always welfare enhancing and, in most cases, leads to higher export sales and R&D investments of firms, and raises …

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation … domestic sales. Thus the overall effect of trade on markups is pro-competitive and a key source of the associated welfare gains …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on …

enforcement of IPR yields a higher level of innovation and global welfare only if the developing country does not innovate. A … own innovation. The analysis predicts that the willingness to enforce IPR is U-shaped in a country GDP: small …

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … provide a formula to decompose the mechanism. The new insight we provide is that market concentration can be a welfare … increases welfare via productivity improvements. In the calibrated version of the model we show that a trade-induced increase in …

benchmark model, Northern firms engage in innovation based on the local knowledge stock and learning-by-doing (LBD), and a share … multinationalization rate. We extend the model to permit Southern innovation based on the amount of local knowledge and LBD. Because … Southern firms have higher innovation costs, this generates inefficient specialization in both regions and reduces global …

This research sheds light on the role of product scope on the innovation activity of multinational multi-product firms …. We use patent citation data to break down innovation into two types by measuring the degree to which innovation performed … focus on two features in multinational production: (i) fundamental innovation is geographically more difficult to transfer …

This research sheds light on the role of product scope on the innovation activity of multinational multi-product firms …. We use patent citation data to break down innovation into two types by measuring the degree to which innovation performed … focus on two features in multinational production: (i) fundamental innovation is geographically more difficult to transfer …

This research sheds light on the role of multinational production on the type of innovation performed by firms. We … construct matched firm-patent data to measure the scope of innovation, that is the extent to which the output of R&D can be … geographically separate production from innovation focus on more specialized types of R&D …

This research sheds light on the role of multinational production on the type of innovation performed by firms. We … construct matched firm-patent data to measure the scope of innovation, that is the extent to which the output of R&D can be … geographically separate production from innovation focus on more specialized types of R&D …