ERC Advanced Grant · 2024
Incentives and Dynamics of Innovation
Innovation is the key driver of competitiveness and growth. It supplants existing technologies and erodes the market position of firms. This creative destruction lies at the heart of endogenous growth models. This proposal studies how patent rights shape innovation incentives and the micro-dynamics of technological competition in Europe and the U.S. Patent rights are a key policy instrument to enhance incentives, and it is critically important that patent-granting agencies function effectively. These incentives influence the dynamics of technological competition, and the extent to which small firms compete effectively with large firms. This proposal exploits patents as a window onto the…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.
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