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Stagnation and Scientific Incentives
Bhattacharya, Jay - 2020
New ideas no longer fuel economic growth the way they once did. A popular explanation for stagnation is that good ideas are harder to find, rendering slowdown inevitable. We present a simple model of the lifecycle of scientific ideas that points to changes in scientist incentives as the cause of...
Persistent link: https://www.econbiz.de/10012479276
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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 innovation specific to that disease. The empirical economics literature has …
Persistent link: https://www.econbiz.de/10012464784
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Resting on Their Laureates? Research Productivity Among Winners of the Nobel Prize in Physiology or Medicine
Bhattacharya, Jay; Bollyky, Paul; Goldhaber-Fiebert, … - National Bureau of Economic Research - 2023
The Nobel Prize in Physiology or Medicine is the most prestigious and coveted award in medical research. Anecdotal evidence and related research suggest that receiving it may adversely affect research productivity. We compared the post-Nobel research output of laureates (prize years: 1950-2010)...
Persistent link: https://www.econbiz.de/10014322740