entrepreneurs’ choice of riskiness (quality) of an innovation project, and on their mode of commercializing the innovation (market …

Patents are a useful but imperfect reward for innovation. In sectors like pharmaceuticals, where monopoly distortions … lower prices. Innovation prizes and other non-patent rewards are becoming more prevalent in government's innovation policy … therefore can generate the right innovation incentives. …

This paper provides an update of the NESTA Innovation Index and tries to calculate some facts for the 'knowledge …

outsourcing, profits and innovation using plant level data. We find a positive effect of international outsourcing of services on … activities towards innovation. We also find that international services outsourcing has a positive effect on profitability, as …

intervention, affecting the expected profitability of innovation, may both thwart the incentives to undertake research (average … deterrence) and guide the use to which innovation is put (marginal deterrence). We show that public intervention should become …

firm's incentives for R&D. These changes influence the probability of innovation through two effects: changes in total R … shift from the rival firm to the dominant firm is a good thing as it decreases the likelihood of duplicate innovation (we … rights are strong. That is, firm dominance is good for innovation when (but only when) property rights are strong. We also …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

environment that allows ideas to cross firm boundaries enhances the rate of innovation and creates a symbiotic relationship …

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …