In a model of sequential patent races, it is examined whether or not introducing a patent law in the home country is … beneficial to the firms and the society as a whole given the foreign country already offers patent protection. Before the first … patent race starts, the firms and the foreign country share interests. For a given total number of firms, the welfare effect …

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

are taken into account. The paper proposes a theory of innovation and market structure, showing that the relation between … innovation and competition depends on horizontal spillovers, vertical spillovers, and cooperative settings. The private …

process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany … CIS data. It establishes a theoretical link between employment growth and innovation output. The econometric analysis …

by a number of independent producers. On the one hand, such a regulation hurts the value of a patent and therefore …

innovation in high-technology markets. Traditionally, regulators focused on whether companies artificially hiked prices or … reduced output. Now, they're increasingly likely to look first at whether corporate behavior aids or impedes innovation. In … this paper, we examine whether innovation has displaced short-term price effects as the focus of antitrust enforcement by …