Innovation

screencasts

  • This video points out the importance of the relation between competition and innovation, and takes a look at ex ante vs ex post competition:

part 1

  • We study a model where competition raises innovation if firms maximize profits (company ran by owners) and if firms are ran by managers:

part 2

  • In this video arguments against the positive relation between competition and innovation are provided by the inverted U duopoly model by Aghion et al. (2005) and the Schumpeter argument:

part 3

  • We study the duopoly model by Segal and Whinston (2007), which questions whether competition policy should be different in innovative industries:

part 4

  • We continue studying the model by Segal and Whinston (2007):

part 5

  • This video shows how exclusion can be modeled and provides policy implications of the models studied so far:

part 6

  • We discuss take a first look at intellectual property rights, study current US law and trade secrecy:

part 7

  • We consider a model that explains the trade off between optimal patent duration and breadth:

part 8

  • Last we consider a model that derives the optimal profitability of patents and conclude with policy implications:

part 9 part 10

  • how can we dsegin IP to stimulate innovation and minimize inefficiencies :

exercises

In class we discuss question 1 from the exercises.

python

Here you can download the ipython notebook (ipynb) for this lecture: