harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an … to license all its existing patents royalty-free. The compulsory licensing increased follow-on innovation building on … Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased only outside the …

Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This …

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in … between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product … innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. We test …

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market … this an interesting market to examine the link between competition and innovation. We use firm-level time-series data over …

Conventional wisdom has it that policy innovation is better promoted in a federal rather than in a unitary system … - due to the existence of a horizontal information externality - by under-provision of policy innovation. This paper … the innovative policies in order to signal ability to the electorate. In the equilibrium analyzed policy innovation may …

structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …