Schumpeter's conjecture that large monopolistic firms were the key source of innovation in
modern industrial economies has been the underpinning for much work on the topic of …

The effect of competition on innovation incentives has been a controversial subject in
economics since Joseph Schumpeter advanced the theory that competitive markets are not …

This chapter overviews productivity research from an industrial organization perspective. We
focus on what is known and what still needs to be learned about the productivity levels and …

This paper examines moral hazard in teams over time. Agents are collectively engaged in a
project whose duration and outcome are uncertain, and their individual efforts are …

Innovation is central to long-run economic growth. This chapter summarizes the state of the
literature on the economics of innovation, highlighting open policy questions. We first …

A proposal for moving from price-centric to innovation-centric competition policy, reviewing
theory and evidence on economic incentives for innovation. Competition policy and antitrust …

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

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 …

The internal architecture of apps has yet to receive attention in platform studies, which
predominantly study apps' platform-facing, external architecture. We develop a theory of how …

As high-tech markets mature, replacement purchases inevitably become the dominant
proportion of sales. Despite the clear importance of product replacement, little empirical …