. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation … knowledge diffusion from the frontier firms to the laggard ones in explaining the observed shifts. We conclude by presenting new … evidence that corroborates a declining knowledge diffusion in the economy. We document a higher concentration of patenting in …

considering knowledge diffusion on a Salop (1979) circle. Completing markets by pricing knowledge allows us to compare the private … value of innovations with the social one. This comparison sheds a new light on the consequences of non-rivalry of knowledge …

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting …

Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire … common knowledge. But if efficient production requires diverse knowledge, one group member should become manager, acquire …

, we empirically analyze the determinants of innovation in electricity generation, and the role of storage in directing … innovation. Our results show that electricity storage increases innovation not only in renewables but also in conventional … technologies. This implies that efforts to increase innovation in storage can benefit conventional, fossil fuel-fired electricity …

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending …We provide quantitative evidence on the relationship between military spending and innovation in the 19th century … is associated with national innovation towards war logistics such as food processing, but less towards war technology …