Market Power, Innovation, and Competition Policy

In this episode, we dive into "The Economics of Creative Destruction" with Ufuk Akcigit. We talk about what creative destruction is, how this notion evolved over time, the dynamics between firms and political institutions, developing economies, and more! Email us at lsepoidcast@gmail.com OR X it out here: @POID_cast

Hosts: Ruveyda Gozen (@ruveyda_gozen) & John Van Reenen (@johnvanreenen)

2:30 What is creative destruction, and how did this notion evolve over time?

20:30 Defensive Innovation through Political Connections and Patent Thickets or Innovation Pushing the Frontier?

25:00 Superstar Firms, Market Power, and Innovation

37:30 Diffusion of Innovation and Barriers in Developing Economies

41:30 Frontier Research and Potential Research Questions on Innovation

50:30 Green Innovation

54:00 Robert Lucas

58:14 Ups and Downs, Successes and Failures