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Buy, Keep or Sell: Economic Growth and the Market for Ideas

Akcigit, Ufuk; Celik, Murat Alp; Greenwood, Jeremy - Department of Economics, University of Pennsylvania - 2013

An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...

Persistent link: https://www.econbiz.de/10010822927

Growth through Heterogeneous Innovations

Akcigit, Ufuk; Kerr, William R. - Department of Economics, University of Pennsylvania - 2010

framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …

Persistent link: https://www.econbiz.de/10008674319

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

Persistent link: https://www.econbiz.de/10008865973

Taxation and the International Mobility of Inventors

Akcigit, Ufuk; Baslandze, Salomé; Stantcheva, Stefanie - Department of Economics, University of Pennsylvania - 2015

This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on”superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...

Persistent link: https://www.econbiz.de/10011199194

The Territorial Dynamics Of Innovation In China And India

Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012

This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is … contrast, innovation is much more dependent on a combination of good local socioeconomic structures and investment in science …

Persistent link: https://www.econbiz.de/10011083752

Ricardo Meets China, India and U.S. Three Hundred Years Later

Shachmurove, Yochanan; Spiegel, Uriel - Department of Economics, University of Pennsylvania - 2009

As our trading world becomes more globalized, who benefits and who gets hurt? This paper relies on the Ricardian model to explore the effects of technological improvements in underdeveloped countries on the welfare of developed countries. For example, trading between the United States and China,...

Persistent link: https://www.econbiz.de/10005126674

Are All Technological Improvements Beneficial? Absolutely Not

Shachmurove, Yochanan; Spiegel, Uriel - Department of Economics, University of Pennsylvania - 2013

This paper shows, using a simple model, that wasteful innovations may result in a loss-loss situation where no country experiences an increase in welfare. If some countries introduce innovations that result in harmful effects on other countries, it may cause the adversely affected countries to...

Persistent link: https://www.econbiz.de/10010822882

Project Heterogeneity and Growth: The Impact of Selection

Ates, Sina T.; Saffie, Felipe E. - Department of Economics, University of Pennsylvania - 2013

In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm …

Persistent link: https://www.econbiz.de/10010822888

How and Why Does Knowledge Spill Over? The Case of Biotechnology

Audretsch, David B; Stephan, Paula E - C.E.P.R. Discussion Papers - 1998

This paper sheds light on the questions, Why does knowledge spill over? and How does knowledge spill over? The answer to these questions lies in the incentives confronting scientists to appropriate the expected value of their knowledge considered in the context of their path-dependent career...

Persistent link: https://www.econbiz.de/10005666782

How Broad Should the Scope of Patent Protection Be?

Klemperer, Paul - C.E.P.R. Discussion Papers - 1990

-focused patents are the socially efficient way to reward innovation, and also show when very short-lived but very broad patents are …

Persistent link: https://www.econbiz.de/10005656411