It is argued that the firm is the principal source of innovation and growth, a device for the establishment of …

implications of mergers for innovation incentives and technical tying/compatibility decisions are explored. Welfare implications of …

appropriate balance between innovation and efficiency. Where a patent holder’s invention uses an interface with adjacent products … provide a spur to innovation by granting limited monopoly rights, the antitrust laws curb the excessive reach of these …

for innovation for sale. Moreover, we show that increasing the degree of industry-wide standardization furthers the goal …

The features of innovation, flexibility and change mutually influence one another. Provided that change is perceived as … a feature leading to innovation, flexibility is the feature that enables it. Innovation cannot exist without change but … nonetheless each and every change leads to innovation. Flexibility is a necessary condition but not sufficient for the innovation …

This study examines telecommunications productivity, technological catch-up and innovation in 74 countries for the … developing countries can enhance productivity through catch-up. An econometric model is estimated that relates innovation to … the Schumpeterian hypothesis that market size is conducive to innovation. However, the hypothesis that concentration (the …

An extensive empirical literature indicates that returns from innovation are appropriated primarily via mechanisms … assumes the pure nonrivalry of `ideas' with its implication that, in the absence of intellectual property, innovation (and … welfare) is zero. This paper introduces a formal model of innovation based on imperfect competition in which imitation is …