Showing 1 - 9 of 9
imprint on the postwar U.S. biomedical innovation system. Research areas it supported experienced rapid growth in postwar …
Persistent link: https://www.econbiz.de/10015326451
Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …
Persistent link: https://www.econbiz.de/10012585399
-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …
Persistent link: https://www.econbiz.de/10012482553
transformed the American innovation landscape, deepening the division of innovative labor between universities, startups, and …
Persistent link: https://www.econbiz.de/10015398165
This paper introduces a newly digitized, open-access version of the Food and Drug Administration's "Orange Book"--a linkage between approved small-molecule drugs and the patents that protect them. The Orange Book also reports any applicable regulatory exclusivity that prevents competitive entry....
Persistent link: https://www.econbiz.de/10013462677
Technical progress increasingly relies on the use of scientific knowledge. But if much of this knowledge is in the public domain, can it be a source of private value? We find that average private returns to using public science are small, especially in crowded technical fields, consistent with...
Persistent link: https://www.econbiz.de/10012496086
Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from...
Persistent link: https://www.econbiz.de/10012496087
innovation in firms. However, inventions from universities and public research institutes substitute for corporate inventions and …
Persistent link: https://www.econbiz.de/10014437030
Estimating the private value of patents is important, yet challenging. By developing a method that uses stock market returns to produce a distribution of patent values (and not just an estimate of the mean of that distribution), Kogan, Papanikolaou, Seru, and Stoffman (2017) (KPSS) opened venues...
Persistent link: https://www.econbiz.de/10015145046