We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and … lose as they face increased competition, product-market encroachment, and lower profits and valuations. They increase R …

Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this …-product firms live forever, and the large firms invest in innovation in order to enlarge their product spans. All firms export. I … show that an increase in the competitiveness of foreign firms can increase or reduce innovation efforts of a large multi …

This paper builds a model of stock exchange competition tailored to the institutional and regulatory details of the …-frequency trading. The robust conclusion is that private innovation incentives are much smaller than the social incentives, especially …

This paper studies how market competition influences the algorithmic design choices of firms in the context of … to maximize estimated profit. We show that competition may induce firms to strategically choose simpler algorithms which …

Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than … significant gender differences in willingness to participate under competition. Among those in STEM fields, we detect no …

We characterize the contribution of immigrants to US innovation, both through their direct productivity as well as … Number is assigned. We find immigrants represent 16 percent of all US inventors, but produced 23 percent of total innovation … premature inventor deaths, we find that immigrant inventors create especially strong positive externalities on the innovation …

disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding … pattern is consistent with an important role for technological competition in R&D financing decisions …

We model a key step in the innovation process, hypothesis generation, as the making of predictions over a vast …, they use artificial intelligence (AI) instead. We model innovation as resulting from sequential search over a combinatorial … innovation outcomes of interest - the probability of innovation, expected search duration, and expected profit. We describe …