Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political economy and feasibility of this potentially important financing mechanism have been understudied. We study an international setting of countries with different innovation and...

In April 2011, a workshop on recent research in empirical public finance took place in Cambridge, Ontario. Seven papers on various topics were presented by prominent academic economists. Each research paper was discussed and critiqued by two peers, and additional comments were offered by other...