We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

innovation market. If employment protection is introduced, firms’ willingness to pay for product or process innovations increases …. This shifts economic activity towards firms specializing in process and product innovation and triggers entry of new start …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … desire of governments to foster risky 'breakthrough' innovations. -- business taxation ; innovation ; market entry …

countries can simultaneously use patent boxes and R&D subsidies to promote innovation. We show that when countries set their tax … policies unilaterally, innovation is fostered, at the margin, only by the R&D subsidy. The patent box tax rate is instead …

. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation …

Environmental regulations have consistently been found to spur innovation in "clean" technologies, with one significant … effect on innovation. Several explanations have been offered, including secondary market failures and a lack of polluter …, contrary to past experience, encouraged innovation rather than adoption. I discuss how these contrasting findings can be …