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Investment in New Activities and the Welfare Cost of Uncertainty
Aizenman, Joshua - 1995
-averse entrepreneurs discount using a 'hurdle rate' that exceeds the risk-free interest rate. The gap between the two rates increases with …
Persistent link: https://www.econbiz.de/10012473852
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The Other Ex-Ante Moral Hazard in Health
Bhattacharya, Jay - 2008
As an empirical example of this externality, we analyze the innovation induced by the obesity epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that an increase in the incidence of a disease will increase technological...
Persistent link: https://www.econbiz.de/10012464784
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Advances in banking technology and management : impacts of ICT and CRM
Ravi, Vadlamani (contributor) - 2008
, business management, risk management, and customer relationship management, and offers research to aid the successful …"This book examines the various myriads of technical and organizational elements that impact services management …1. Introduction to banking technology and management / Vadlamani Ravi -- 2. Service quality in banks / Carlo Porto …
Persistent link: https://www.econbiz.de/10011725781
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Financing Innovation
Kerr, William R. - 2014
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review...
Persistent link: https://www.econbiz.de/10012457990
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Technological Innovation and Labor Income Risk
Kogan, Leonid - 2020
results therefore suggest innovation is associated with a substantial increase in the labor income risk, especially for …
Persistent link: https://www.econbiz.de/10012481921
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Technological Revolutions and Stock Prices
Pastor, Lubos - 2005
We develop a general equilibrium model in which stock prices of innovative firms exhibit "bubbles" during technological revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological revolutions, the nature of this uncertainty...
Persistent link: https://www.econbiz.de/10012466795
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Risks to the Returns to Medical Innovation : The Case of Myriad Genetics
Clemens, Jeffrey - 2015
We describe the broad range of uncertainties faced by the developers of medical technologies. Empirically, we estimate the asset market incidence of two realizations of uncertainties we classify as within-market policy risks. The events we analyze concern the intellectual property of Myriad...
Persistent link: https://www.econbiz.de/10012457199
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Learning by doing in markets, firms, and countries
Lamoreaux, Naomi R. (ed.); Raff, Daniel M. G. (contributor);  … - 1999
Persistent link: https://www.econbiz.de/10000663281
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The Quality of Ideas : Measuring Innovation with Multiple Indicators
Lanjouw, Jean O. - 1999
We model early expectations about the value and technological importance ('quality') of a patented innovation as a latent variable common to a set of four indicators: the number of patent claims, forward citations, backward citations and family size. The model is estimated for four technology...
Persistent link: https://www.econbiz.de/10012471439