Research and Development theory and policy. It covers patent policy, the effects of market structure and the internal … -- Acknowledgements -- Appendix -- References -- Chapter 2. Innovation, Duplication, and the Contract Theory of Patents -- Abstract -- 1 …A collection of original research papers by a number of industrial organization economists active in the field of …

We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … admission to an innovation contest. After the contest, an innovation is procured employing either a fixed prize or a first …

Returns to research are thought to be robust under alternative supply elasticity assumptions. We show, both … conceptually and numerically, how advances in approximating social benefits make returns to research sensitive to the supply …

This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in …