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Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2010

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

Persistent link: https://www.econbiz.de/10012462712

Explorations of Cumulative Advantage Using Data on French Physicists

Hall, Bronwyn H.; Mairesse, Jacques - National Bureau of Economic Research - 2024

We use a large dataset of approximately 1500 physicists employed by the Centre National de la Recherche Scientifique (CNRS) in France to investigate the role of cumulative advantage in their publication career. Measuring output by time series of the number of publications and the number of...

Persistent link: https://www.econbiz.de/10014512139

Voting with your Children: A Positive Analysis of Child Labour Laws

Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2003

We develop a positive theory of the adoption of child-labour regulation, based on two key mechanisms. First, parental decisions on family size interact with their preferences for child-labour regulation. Second, the supply of child labour affects skilled and unskilled wages. If policies are...

Persistent link: https://www.econbiz.de/10005067344

Occupational Choice and the Spirit of Capitalism

Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2007

The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a...

Persistent link: https://www.econbiz.de/10005067409

Equilibrium Unemployment Insurance

Hassler, John; Mora, Rodríguez; Vicente, José; … - C.E.P.R. Discussion Papers - 1999

In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical rational agents, but differing in the initial distribution...

Persistent link: https://www.econbiz.de/10005067497

A Positive Theory of Geographic Mobility and Social Insurance

Hassler, John; Mora, José V Rodríguez; Storesletten, … - C.E.P.R. Discussion Papers - 2001

This Paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labour market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...

Persistent link: https://www.econbiz.de/10005114443

Innovation and Market Value

Hall, Bronwyn H. - 1999

Recent research on financial market valuation of the knowledge assets of publicly traded firms is surveyed. The … motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is … value of the modern manufacturing corporation is strongly related to its knowledge assets, and that patent measures contain …

Persistent link: https://www.econbiz.de/10012471824

Crisis Innovation Policy from World War II to COVID-19

Gross, Daniel P.; Sampat, Bhaven N. - National Bureau of Economic Research - 2021

Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

Persistent link: https://www.econbiz.de/10012585399

Organizational Frictions and Increasing Returns to Automation : Lessons from AT&T in the Twentieth Century

Feigenbaum, James J.; Gross, Daniel P. - National Bureau of Economic Research - 2021

AT&T was the largest U.S. firm for most of the 20th century. Telephone operators once comprised over 50% of its workforce, but in the late 1910s it initiated a decades-long process of automating telephone operation with mechanical call switching--a technology first invented in the 1880s. We...

Persistent link: https://www.econbiz.de/10012794608

The Value of Patents as Indicators of Inventive Activity

Griliches, Zvi - 1986

This paper summarizes a number of studies which use patent data to examine different aspects of technological change. It describes our firm level data set construction effort; reports on the relationship between RLD expenditures and the level of patenting; analyzes the relationship between...

Persistent link: https://www.econbiz.de/10012476987