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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
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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
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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
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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
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How Does Expropriation Risk Affect Innovation?
Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024
number of patents, technical progress, and economic growth are all lower due to lower expected profits and patent devaluation … patents, scientific publications, and the Economic Complexity Index, which is our proxy for technical progress. These findings …
Persistent link: https://www.econbiz.de/10014512142
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Demographic Diversity and Economic Research : Fields of Specialization and Research on Race, Ethnicity, and Inequality
Antman, Francisca M.; Doran, Kirk B.; Qian, Xuechao; … - National Bureau of Economic Research - 2024
Using dissertation research topics found in the EconLit database and large-scale algorithmic methods that identify author demographics based on names, we explore the link between race and ethnicity and fields of economic research. We find that underrepresented racial and ethnic minority (URM)...
Persistent link: https://www.econbiz.de/10014544716
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Half Empty and Half Full? Women in Economics and the Rise in Gender-Related Research
Antman, Francisca M.; Doran, Kirk B.; Qian, Xuechao; … - National Bureau of Economic Research - 2024
Using the EconLit dissertation database and large-scale algorithmic methods that identify author demographics from names, we investigate the connection between the gender of economics dissertators and dissertation topics. Despite stagnation in the share of women among economics Ph.D.s in recent...
Persistent link: https://www.econbiz.de/10014544721
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The Simple Macroeconomics of AI
Acemoglu, Daron - National Bureau of Economic Research - 2024
This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are driven by cost savings/productivity improvements at the...
Persistent link: https://www.econbiz.de/10014544765
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Understanding Expert Choices Using Decision Time
Card, David E.; Della Vigna, Stefano; Jiang, Chenxi; … - National Bureau of Economic Research - 2024
Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a stylized model of expert choice between two alternatives,...
Persistent link: https://www.econbiz.de/10014544793
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Information Technology, Firm Size, and Industrial Concentration
Brynjolfsson, Erik; Jin, Wang; Wang, Xiupeng - National Bureau of Economic Research - 2023
Information flows, and thus information technology (IT) are central to the structure of firms and markets. Using data from the U.S. Census Bureau, we provide firm-level evidence that increases in IT intensity are associated with increases in firm size and concentration in both employment and...
Persistent link: https://www.econbiz.de/10014247987