more than 40%. Drawing upon the economics of science and innovation literature, we highlight three primary channels through …

Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping … stifling broad sectoral innovation. We conclude with speculations regarding how this oligopolistic future might be averted …

California law that make non-compete agreements unenforceable. Consistent with our model of innovation, mobility rates outside of …

a measure of technology that isolates sources of innovation and their contributions to domestic TFP. Within …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …

government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …