technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may …

cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by … appropriation than predicted by standard theory. But the risk and the experience of appropriation does not deter innovation. We find … even more innovation than predicted by theory, and actually more than would be efficient. In the lab, the prospect of …

cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by … lab. We find more appropriation but also more innovation than predicted by standard theory. In the lab, the prospect of … theory. The data suggest that this behavior results from the intention not to be outperformed by one’s peers …

redistribution. One argument against increased redistribution is that it could hamper innovation and technological progress. To the …-quality and cross-country comparable panel data on income redistribution from distributional national accounts. The sample covers … innovation in the cross-country setting. This result is robust to the use of various measures of income redistribution and patent …