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Young, Restless and Creative: Openness to Disruption and Creative Innovations
Acemoglu, Daron; Akcigit, Ufuk; Celik, Murat Alp - Department of Economics, University of Pennsylvania - 2014
innovations - innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on … the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …
Persistent link: https://www.econbiz.de/10010737405
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The Financing of Research and Development
Hall, Bronwyn H. - Institute of Business and Economic Research (IBER), … - 2002
Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10010843286
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Innovation and Market Value
Hall, Bronwyn H. - Institute of Business and Economic Research (IBER), … - 1999
Persistent link: https://www.econbiz.de/10010843287
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Business Method Patents, Innovation, and Policy
Hall, Bronwyn H. - Institute of Business and Economic Research (IBER), … - 2003
decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about … system and innovation. It concludes by finding some consensus in the literature about the problems associated with this …
Persistent link: https://www.econbiz.de/10010843467
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Transition to Clean Technology
Acemoglu, Daron; Akcigit, Ufuk; Hanley, Douglas; Kerr, … - Department of Economics, University of Pennsylvania - 2014
innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …
Persistent link: https://www.econbiz.de/10011095231
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Optimal Capital Versus Labor Taxation with Innovation-Led Growth
Aghion, Philippe; Akcigit, Ufuk; Fernandez-Villaverde, Jesus - Department of Economics, University of Pennsylvania - 2013
innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …
Persistent link: https://www.econbiz.de/10010822886
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Innovation, Reallocation and Growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Department of Economics, University of Pennsylvania - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010822929
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Market Value and Patent Citations: A First Look
Hall, Bronwyn H.; Jaffee, Adam; Trajtenberg, Manuel - Institute of Business and Economic Research (IBER), … - 2000
As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent...
Persistent link: https://www.econbiz.de/10010537967
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Business Method Patents, Innovation, and Policy
Hall, Bronwyn H. - Institute of Business and Economic Research (IBER), … - 2003
decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about … system and innovation. It concludes by finding some consensus in the literature about the problems associated with this …
Persistent link: https://www.econbiz.de/10010537990
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Market Value and Patent Citations: A First Look
Hall, Bronwyn H.; Jaffe, Adam; Trajtenberg, Manuel - Institute of Business and Economic Research (IBER), … - 2001
As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent...
Persistent link: https://www.econbiz.de/10010537996