Lagarde, Marin <br/><br/>
How do firms decide to innovate? The balance between competition and innovation protection 

 -  2024.<br/>							 
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<br/><br/> The microeconomic approach to innovation asks how a firm decides whether to innovate, and how it reacts to the strategic behavior of its competitors. A firm innovates if it gains from doing so by collecting a monopoly rent. Economic analysis suggests that a balance between promoting competition and protecting innovation is needed to best foster the dynamics of innovation.