Innovation

Why We Need to Stop Relying On Patents to Measure Innovation

Patent databases may be a smoke screen that hides the true issues, problems, and dynamics of innovation behind the illusion that innovation...

The Economic and Social Implications of Racial Disparities: A Webinar With Lisa Cook

Michigan State University professor Lisa Cook joined Princeton’s Bendheim Center for Finance to discuss how violence impacts innovation, as well as the...

High-Priced Acquisitions of Tech Startups Do Not Always Stimulate More Innovation

What seems to be a big reward to innovation ultimately reduces the incentive to innovate, argues a new Stigler Center working paper by Krishna...

Are “Patent Trolls” Stick-Up Artists or Just Benign Middlemen?

A new study explores the dual effect that non-practicing entities, commonly known as patent trolls, have on innovation and the market of ideas. The discussion...

Inside Tech’s “Kill Zone”: How to Deal With the Threat to Edge Innovation Posed by Multi-Sided Platforms

Dominant tech platforms can exploit the vast amounts of user data available only to them to squash startups and independent providers. Hal...

Google and Facebook’s “Kill Zone”: “We've Taken the Focus Off of Rewarding Genius and Innovation to Rewarding Capital and Scale”

A Stigler Center panel explores the implications of tech giants’ dominance on innovation and startups. Earlier this week, Treasury Secretary Steven Mnuchin joined a growing...

The Motives of “Joiners” Explain Higher Rates of Innovation in Startup Firms

It’s not just the founders of startups who boast an entrepreneurial spirit and a willingness to take risks. Those who join new ventures show...

Are Innovators Born or Made?

The question of whether people are born with innovative talent or can develop it has knock-on effects to issues ranging from productivity growth in...

America's "Lost Einsteins" Are Dealing a Blow to Innovation

A new paper finds that America is full of "lost Einsteins" among women, minorities, and low-income groups: high performers who never become inventors because...

LATEST NEWS

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...