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 …

This paper shows that political capital is an important determinant of corporate investment and innovation. Using … capital investment and R&D spending. Surprise losses of political capital result in negative announcement returns, reduced …

hybrid tax credit scheme positively relates to innovation output. The business sector R&D investment are higher in the … investments in innovation. The implementation of R&D tax credit schemes, however, varies across countries. The empirical research …, to explore the relationship between a set of R&D tax scheme features and innovation performance. Our estimation results …

Patent race models assume that an innovator wins the only patent covering a product. But when technologies are complex … patent standards are low, firms build "thickets" of patents, especially incumbent firms in mature industries. When they … other hand, when lead time advantages are significant and patent standards are high, firms pursue strategies of "mutual non …

Patent nonuse occurs when a patentee fails to commercialize its patent, such as when the patent has no present … commercial value or when attempts to license it have been unsuccessful. Patent nonuse may have anticompetitive purposes as well … patentee. This Article explores the phenomenon of patent suppression, examines possible reasons for its occurrence, and …

subsidies are then studied as a means to correct for possible under-investment of capital. We study the effect of a patent box … externalities, a bonus pay incentive was found to obtain the social first-best while a patent box or a subsidy to capital investment …A temporary change in pay to employed inventors around the time of patent application has been observed in a number of …

and patent productivity of the respective regional innovation systems (RIS). The empirical analysis is for nine German …

engage in less green R&D investment, patent applications, and research staff. Industries that are heavy emitters and those …Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce … green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air …

equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation …We analyze the role of endogenous capital-embodied innovation in macroeconomic dynamics. We first leverage a newly …-goods producers drops during recessions. We then develop a model of lumpy investment with heterogeneous firms and endogenous …