This article reviews and critiques the opportunity discovery approach to entrepreneurship
and argues that entrepreneurship can be more thoroughly grounded, and more closely …

This paper reviews a framework for numerically analyzing dynamic interactions in
imperfectly competitive industries. The framework dates back to Ericson and Pakes [1995 …

O cérebro humano possui algumas aptidões ausentes nos cérebros dos demais seres
vivos. Nossa posição dominante no planeta se deve a estas particulares habilidades …

We propose an approximation method for analyzing Ericson and Pakes (1995)‐style
dynamic models of imperfect competition. We define a new equilibrium concept that we call …

We study contests for innovation with learning about the innovation's feasibility and
opponents' outcomes. We characterize contests that maximize innovation when the designer …

The analysis of the relationship between innovation and the dynamics and evolution of
industries has witnessed major progress in several areas. The main point of the paper is that …

Rising research and development (R&D) expenditures by pharmaceutical companies are, in
part, a consequence of changing industry structure, particularly the rise of the biotechnology …

In this paper, we argue that competitive pressures could incentivize AI companies to
underinvest in ensuring their systems are safe, secure, and have a positive social impact …

I develop a model of an R&D race with knowledge accumulation. My model does not inherit
the memorylessness property of the exponential distribution that troubles existing models of …

Economic rents have long been identified as an efficient tax base. In addition, the recent
literature documents that rent income is highly concentrated and that rents are quickly …