We examine the relationship between product liability litigation and innovation by systematically combining data on …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …

's "revealed beliefs" about future performance and standard measures of corporate innovation. We begin by developing a career … underestimate the probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive … their firms in a new technological direction. This paper was accepted by Kamalini Ramdas, entrepreneurship and innovation. …

constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …

regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on this … in innovation on the polluting firm's steady-state capital stock. Fourth, they analyze the impact of an anticipated … increase in innovation on the polluting firm's steady-state capital stock. Finally, the authors discuss the relationship …