Innovation
Creation over Time in Copyright and Patent
On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.
Waning Academic Freedom Curtails Innovation
In new research, David Audretsch, Christian Fisch, Chiara Franzoni, Paul P. Momtaz, and Silvio Vismara find that the decline of academic freedom over the last decade has had a deleterious impact on innovation, as measured by the quantity and quality of new patents.
Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote it? While...
How the AT&T Case Can Inform Big Tech Breakups
Breaking up companies that antitrust regulators consider too dominant can be costly and might negatively impact innovation and consumer welfare. As economists and policymakers...
Industrial Policy From Engels to Eisenhower
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Antitrust Deregulation is Undermining Innovation
A 2000 amendment to the Hart-Scott-Rodino Act made it easier for firms to merge without notifying US antitrust authorities. In new research, Giovanni Morzenti...
For the FDA, Fewer Regulations Can Create Safer Products
The US Food and Drug Administration is tasked with protecting consumers from unsafe food and medical products. In new research, Parker Rogers finds that...
Antitrust Misunderstands Innovation. This Is How We Fix It.
Antitrust misunderstands innovation by focusing almost entirely on incentives to innovate to the neglect of questions regarding the ability to innovate through sharing knowledge...
The Tech Barons’ Ideological Platter
Far from their self-promoted image as the world’s most innovative companies, the major tech platforms stifle plenty of innovation and invest in innovations that...
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 is booming—and...
