Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … innovation will lead to a much richer understanding of the interplay between firms' incentives to innovate and competitive …

implications of this type of heterogeneity by assuming that incumbents, i.e. current monopolists engaging in incremental innovation … innovation, in a two-country endogenous growth general equilibrium model. In particular, this assumption allows the model to … break the perfect correlation between incumbents' and entrants' innovation probabilities and to match the empirical …

Environmental regulations have consistently been found to spur innovation in "clean" technologies, with one significant … effect on innovation. Several explanations have been offered, including secondary market failures and a lack of polluter …, contrary to past experience, encouraged innovation rather than adoption. I discuss how these contrasting findings can be …

major databases. We first show in theory how a range of technical-change mechanisms can be adequately captured in a reduced …

Non-technological innovation is an important element of firms' innovation activities that both supplement and … complement technological innovation, i.e. the introduction of new products and new processes. We analyse the spread of … nontechnological innovation in firms, their relation to technological innovation, and their effects to firm performance and success …

properties that can expand disruptive innovation theory, namely: 1) disruptive technology has a disproportionate growth in …