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Persistent link: https://www.econbiz.de/10010513484
We study the implications of social interactions for financial markets in which investors exhibit different degrees of sophistication and can influence each other's beliefs through their interaction. We show that social interactions can either increase or decrease the likelihood for a financial...
Persistent link: https://www.econbiz.de/10012931883
The aim of this paper is to study the empirical phenomenon of rating bubbles, i.e. clustering on extremely positive …
Persistent link: https://www.econbiz.de/10011705566
We present a detailed synthesis of the development of the Human Genome Project (HGP) from 1986 to 2003 in order to test the “social bubble” hypothesis that strong social interactions between enthusiastic supporters of the HGP weaved a network of reinforcing feedbacks that led to a widespread...
Persistent link: https://www.econbiz.de/10003979502
Do intellectual property (IP) rights on existing technologies hinder subsequent innovation? Using newly-collected data …'s short-term IP had persistent negative effects on subsequent innovation relative to a counterfactual of Celera genes having …
Persistent link: https://www.econbiz.de/10013069502
that the welfare impact of the GE innovation is significant. In the last five years of the period analyzed, our preferred …
Persistent link: https://www.econbiz.de/10012900404
discuss the implications of the risks we analyze for the total volume of medical innovation and for its organization across …
Persistent link: https://www.econbiz.de/10013017486
Persistent link: https://www.econbiz.de/10012695610
innovation in a range of applications. Recognizing the importance of CRISPR, the 2020 Nobel Prize winning technology, the EFI … commissioned this project to map the research, innovation, and diffusion activity of CRISPR across countries. This report provides … implications for German CRISPR innovation strategies. E.g. Germany is well positioned for a niche strategy of creating quality …
Persistent link: https://www.econbiz.de/10012438071
Do intellectual property (IP) rights on existing technologies hinder subsequent innovation? Using newly-collected data …'s short-term IP had persistent negative effects on subsequent innovation relative to a counterfactual of Celera genes having …
Persistent link: https://www.econbiz.de/10012462442