Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … intensity per firm rather than just a misallocation towards smaller firms and lower entry. We generalize the theory to allow for …

to "reach for mediocrity" by investing in socially suboptimal projects, even in the presence of competition and new …

own, focusing on regulatory tools that foster competition and innovation. We identify three main regulatory tasks that are …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … intensity per firm rather than just a misallocation towards smaller firms and lower entry. We generalize the theory to allow for …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … intensity per firm rather than just a misallocation towards smaller firms and lower entry. We generalize the theory to allow for …

Does regulation affect the pace and nature of innovation and if so, by how much? We builda tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss.Four-fifths of this loss is due to lower innovation … intensity per firm rather than just amisallocation towards smaller firms and lower entry. We generalize the theory to allow …

extends prior literature on durable goods and the Coase conjecture to innovative durable goods with network externalities. The … findings have important practical implications for firms selling new versions of innovative durable goods subject to network …

product substitutability) gives a smaller (greater) patenting incentive. Switching from Bertrand to Cournot competition gives …