Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more …

many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to … optimal adoption is gradual and convex. If social damages are proportional to the productivity gains from the new technology …

includes selecting how much innovation to produce and whether to license this innovation to one (targeted licensing) or both … upstream innovation: at low levels of competition, market-wide licensing is optimal and competition reduces innovation, while … at high levels of competition targeted licensing is optimal and competition increases innovation. Empirical analysis …

the conditions favoring substitution or complementarity between internal R&D and external technology acquisition. In this … investments through the structural estimation of a flexible innovation production function, such as the translog. Our empirical … analysis is based on a unique panel dataset on the R&D and in-licensing expenditures of 94 global pharmaceutical firms active …

The "market for innovation" -- the sale and licensing of patents -- is an often discussed source of incentives to … assumptions, allows us to quantify the gains resulting from the transfer of patents in the market for innovation. The gains from … patent has a higher value. In addition, we study the effect that lowering the costs of technology transfer has on the …

In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …

We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …

revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological …

technology was a major part of the government response. The U.S. Office of Scientific Research and Development (OSRD) led a major … World War II innovation model in other crises. In this essay we describe exactly how it worked. We do so first through a … general overview of how OSRD approached several questions that may confront any crisis innovation effort: priority setting …