properties of the returns to innovation, in part, because of the limitations necessarily imposed on competition to cope with … associated with increasing returns to scale and innovation. At the same time, properties such as bifurcated research investment … strategies, bimodal returns to innovation, and Laplace distributed firm growth rates are products of competition. We build an …

different configurations of the patent system upon innovation and competition. The model is able to replicate the main stylized … adverse effects in terms of innovation outcomes, as well as of market competition and consumer welfare. Such general …

. The findings suggest that the effects of interaction on innovation are neither pure nor simple …

Innovation is widely considered as the main determinant of long-term economic growth. Despite this consensus, it is … critical examination of innovation indicators and measures of the economic impact of innovation. All available innovation … indicators fall short of measuring innovation and its economic effect. However, the future could be more promising as enterprises …