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Blockchain for Timely Transfer of Intellectual Property

Cai, Dongling; Qian, Yi; Ning, Nan - National Bureau of Economic Research - 2023

This article adopts a marketing perspective to examine how blockchain technology can facilitate innovation by …

Persistent link: https://www.econbiz.de/10014226110

Agrawal, Ajay; Gans, Joshua; Goldfarb, Avi - National Bureau of Economic Research - 2023

Economic models provide little insight into when the next big idea and its associated productivity dividend will come along. Once a general purpose technology (GPT) is identified, the economist's toolkit does provide an understanding when firms will adopt a new technology and for what purpose....

Persistent link: https://www.econbiz.de/10014226173

Tasks At Work : Comparative Advantage, Technology and Labor Demand

Acemoglu, Daron; Kong, Fredric; Restrepo, Pascual - National Bureau of Economic Research - 2024

This chapter reviews recent advances in the task model and shows how this framework can be put to work to understand the major labor market trends of the last several decades. Production in each industry necessitates the completion of a range of tasks, which can be allocated to workers of...

Persistent link: https://www.econbiz.de/10015056199

Regulating the Direction of Innovation

Gans, Joshua - National Bureau of Economic Research - 2024

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We …

Persistent link: https://www.econbiz.de/10014635704

Beware the Side Effects : Capital Controls, Trade, Misallocation and Welfare

Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina; … - National Bureau of Economic Research - 2023

We show that capital controls have large adverse effects on misallocation, exports and welfare using a dynamic Melitz-OLG model with heterogeneous firms, monopolistic competition, endogenous trade participation and collateral constraints. Static effects increase misallocation by reducing...

Persistent link: https://www.econbiz.de/10014226160

Evaluation and Learning in R&D Investment

Frankel, Alex; Krieger, Joshua L.; Li, Danielle; … - National Bureau of Economic Research - 2023

We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...

Persistent link: https://www.econbiz.de/10014287391

Scaling Smart Contracts via Layer-2 Technologies : Some Empirical Evidence

Cong, Lin William; Hui, Xiang; Tucker, Catherine; Zhou, … - National Bureau of Economic Research - 2023

Blockchain-based smart contracts can potentially replace certain traditional contracts through decentralized enforcement and reduced transaction costs. However, scalability is a key bottleneck hindering their broader application and adoption, often leading to concentrated or exclusive networks....

Persistent link: https://www.econbiz.de/10014226109

Optimal Gradualism

Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022

This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...

Persistent link: https://www.econbiz.de/10013477247

Technology and the Global Economy

Eaton, Jonathan; Kortum, Samuel - National Bureau of Economic Research - 2024

Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the...

Persistent link: https://www.econbiz.de/10014468262

How Does Expropriation Risk Affect Innovation?

Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024

We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …

Persistent link: https://www.econbiz.de/10014512142