Using the financial and macroeconomic dataset of 132 countries, this study empirically analyzes the effects of financial regulations and innovations on the global financial crisis. It shows that regulatory measures such as restrictions on bank activities and entry requirements have decreased the...

This study analyzes the dynamic effects of a patent reform in a model of cumulative innovation. It finds that the incentives at different stages of the innovation process are not uniform. The first innovator captures most of producers' surplus from a policy reform. The high incentive of the...

The lack of ex ante evaluation of germplasm in genebanks has been the single most prevalent and long-standing complaint of plant breeders about the management of genebanks. Advances in biotechnology offer the possibility of faster, cheaper and more efficient evaluation methodologies. Will these...