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Measuring the Commercial Potential of Science

Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024

This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

Persistent link: https://www.econbiz.de/10014512116

The Impact of University Patent Ownership on Innovation and Commercialization

Wang, Jun; Qian, Yi - National Bureau of Economic Research - 2023

are important explorations made by China in recent years to promote innovations and the commercialization of patents in …-patent ownership allocation models on innovations and the commercialization of patents. We find that the institutional environment …

Persistent link: https://www.econbiz.de/10014247942

Mega Firms and Recent Trends in the U.S. Innovation : Empirical Evidence from the U.S. Patent Data

Braginskij, Sergej V.; Choi, Joonkyu; Ding, Yuheng; Jo, … - National Bureau of Economic Research - 2023

generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the … importance of mega firms in novel patents had been declining until about 2000, it has strongly rebounded since then. The timing …-ICT components. Mega firms also generate a disproportionately large number of "hits"--novel patents that lead to the largest numbers …

Persistent link: https://www.econbiz.de/10014322847

Inventor Gender and Patent Undercitation : Evidence from Causal Text Estimation

Hochberg, Yael V.; Kakhbod, Ali; Li, Peiyao; Sachdeva, Kunal - National Bureau of Economic Research - 2023

document that patents authored by female inventors are under-cited relative to those authored by males. Relative to what the … same patent would be predicted to receive had the lead inventor instead been male, patents with a female lead inventor … receive 10% fewer citations. Patents with male lead inventors tend to undercite past patents with female lead inventors, while …

Persistent link: https://www.econbiz.de/10014337825

No Ground Truth? : No Problem : Improving Administrative Data Linking Using Active Learning and a Little Bit of Guile

Tahamont, Sarah; Jelveh, Zubin; McNeill, Melissa; Yan, Shi - National Bureau of Economic Research - 2023

While linking records across large administrative datasets ["big data"] has the potential to revolutionize empirical social science research, many administrative data files do not have common identifiers and are thus not designed to be linked to others. To address this problem, researchers have...

Persistent link: https://www.econbiz.de/10014250118

Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample

Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - National Bureau of Economic Research - 2022

We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...

Persistent link: https://www.econbiz.de/10013334460

Noise-Robust De-Duplication at Scale

Silcock, Emily; D'Amico-Wong, Luca; Yang, Jinglin; … - National Bureau of Economic Research - 2022

Identifying near duplicates within large, noisy text corpora has a myriad of applications that range from de-duplicating training datasets, reducing privacy risk, and evaluating test set leakage, to identifying reproduced news articles and literature within large corpora. Across these diverse...

Persistent link: https://www.econbiz.de/10013477218

Opening the Black Box : Task and Skill Mix and Productivity Dispersion

Blackwood, G. Jacob; Cunningham, Cindy; Dey, Matthew S.; … - National Bureau of Economic Research - 2022

An important gap in most empirical studies of establishment-level productivity is the limited information about workers' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity measurement. Moreover, the theoretical...

Persistent link: https://www.econbiz.de/10013462669

Quality Adjustment at Scale : Hedonic vs. Exact Demand-Based Price Indices

Ehrlich, Gabriel; Haltiwanger, John C.; Jarmin, Ronald S.; … - National Bureau of Economic Research - 2023

This paper explores alternative methods for adjusting price indices for quality change at scale. These methods can be applied to large-scale item-level transactions data that includes information on prices, quantities, and item attributes. The hedonic methods can take into account the changing...

Persistent link: https://www.econbiz.de/10014322697

Using Machine Learning to Construct Hedonic Price Indices

Cafarella, Michael; Ehrlich, Gabriel; Gao, Tian; … - National Bureau of Economic Research - 2023

This paper uses machine learning (ML) to estimate hedonic price indices at scale from item-level transaction and product characteristics. The procedure uses state-of-the-art approaches from hedonic econometrics and implements them with a neural network ML approach. Applying the methodology to...

Persistent link: https://www.econbiz.de/10014322703

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