This paper extends the Schumpeterian model of creative destruction by allowing followers’ cost of innovation to increase in their technological distance from

"Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic

We consider innovation incentives in markets where final goods comprise two strictly complementary components, one of which is monopolized. We focus on the case

Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of