A new rationale for the persistence of monopolies is based on a precommitment of the
incumbent monopolist to invest in R&D. In a patent race, as long as entry is free, the Arrow …

This survey provides a selective review of the literature on patent policy, innovation and
economic growth. The patent system is a useful policy tool for stimulating innovation given …

R&D investment has well‐known liquidity problems, with potentially important
consequences. In this study, we analyze the effects of monetary policy on economic growth …

This study develops a Schumpeterian growth model with endogenous entry of
heterogeneous firms to analyze the effects of monetary policy on economic growth via a …

This study explores the effects of patent protection and R&D subsidies on innovation and
income inequality using a Schumpeterian growth model with heterogeneous households …

This study develops an R&D-based growth model with vertical and horizontal innovation to
shed some light on the current debate on whether patent protection stimulates or stifles …

This study explores the long-run effects of inflation in a two-country Schumpeterian growth
model with cash-in-advance constraints on consumption and R&D investment. We find that …

Governments purchase everything from airplanes to zucchini. This paper investigates the
role of the technological content of government procurement in innovation. In a theoretical …

This study develops a monetary Schumpeterian growth model with heterogeneous
households and heterogeneous firms to explore the effects of inflation on innovation and …

The incentives to conduct basic or applied research play a central role for economic growth.
How does increasing early innovation appropriability affect basic research, applied …