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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

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

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

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

Do inventors talk to strangers? On proximity and collaborative knowledge creation

Crescenzi, Riccardo; Nathan, Max; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2013

This paper investigates how physical, organisational, institutional, cognitive, social, and ethnic proximities between inventors shape their collaboration decisions. Using a new panel of UK inventors and a novel identification strategy, this paper systematically explores the net effects of all...

Persistent link: https://www.econbiz.de/10011084309

And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize

Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

Persistent link: https://www.econbiz.de/10008784763

Entrepreneurial Innovations, Entrepreneurship Policy and Globalization

Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2010

What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies....

Persistent link: https://www.econbiz.de/10008530366