innovators are not protected against others appropriating their ideas, incentives for innovation are suboptimally low. Now, in … most industries and for most potential users, appropriating a foreign innovation is itself an investment decision fraught … with cost and risk. Nonetheless, standard theory predicts too little innovation. Arguably the problem is exacerbated by the …

The development of formal ICT standards is a challenging form of collaborative innovation, combining consensus decision … panel of standards, we then confirm empirically the prediction that consortia have different effects on innovation under a … Public Good or Rent Seeking regime. Overall, we observe an increase in innovation after a firm joined a consortium. However …

Free/Open Source Software (FOSS). In a seminal paper Bessen and Maskin (2006) argue that in a dynamic sequential innovation … framework in which every innovation builds on previous inventions the standard argument for granting patent protection is no …

Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …

We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a … intellectual property rights. The further impact of fewer competitors is to raise R&D, when initial competition is strong, but to … reduce it, when initial competition is weak ("inverted U"). …