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We examine the issue of new goods and price indexes for the important and tractable case of generic and branded drugs. By treating generics as entirely distinct goods and "linking them in" to indexes with fixed weights, the standard price indexes fail to reflect the substantial welfare gains to...
Persistent link: https://www.econbiz.de/10012474690
The growth in inventive activity during early American industrialization is explored by examining the careers of 160 inventors credited with important technological discoveries. Analysis of biographical information and complete patent histories through 1865 indicates that these 'great inventors'...
Persistent link: https://www.econbiz.de/10012474791
Researchers constructing index number frequently face the problem of new (or disappearing) goods, for which the price and quantity are not available in some periods. In theory, the correct way to handle a new good is to treat its price before it appears as equal to the reservation price (i.e.,...
Persistent link: https://www.econbiz.de/10012475405
and consequences of innovation, we have concentrated on the products we have rated as innovative. Section I explains our … sample. In Section II we discuss trends in the rate of drug innovation and the factors influencing those trends. Section III …
Persistent link: https://www.econbiz.de/10012479025
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …
Persistent link: https://www.econbiz.de/10012479519
This paper studies how insurance coverage policies affect incentives for pharmaceutical innovation. In the United …
Persistent link: https://www.econbiz.de/10012481418
Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …
Persistent link: https://www.econbiz.de/10012481677
Historically, innovation in the energy sector proceeded slowly and entrepreneurial start-up firms played a relatively …, integrating intermittent resources creates additional grid management challenges, requiring further innovation. This chapter … documents the evolving roles of innovation and entrepreneurship in the energy sector. First, we provide an overview of the …
Persistent link: https://www.econbiz.de/10012481728
inputs to and outputs of government intramural technological innovation. We measure innovative effort and results by … other disciplines. We discuss the implications of our findings for both public- and private-sector innovation efforts and …
Persistent link: https://www.econbiz.de/10012481764
U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical … innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations--let alone increase productivity. Great potential exists for innovation in crop and …
Persistent link: https://www.econbiz.de/10012481789