Showing 1 - 10 of 997
We develop a real options model of R&D valuation, which takes into account the uncertainty in the quality of the research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study the problem of pharmaceutical under-investment in R&D...
Persistent link: https://www.econbiz.de/10012468653
Individuals involved in basic research, like other workers, respond to incentives. Funding agencies provide implicit … incentives when they specify the rules by which awards are made. The following analysis is an exercise in understanding … incentives at an applied level. Specific rules are examined and analyzed to determine their incentive effects. For example, what …
Persistent link: https://www.econbiz.de/10012473420
randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a …
Persistent link: https://www.econbiz.de/10012460243
relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …
Persistent link: https://www.econbiz.de/10012471503
the U.S. Air Force Small Business Innovation Research (SBIR) program that transitioned from "Conventional topics," which … innovation even in less specific Conventional topics. The results suggest that government (and perhaps private sector) innovation …
Persistent link: https://www.econbiz.de/10012510578
Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …
Persistent link: https://www.econbiz.de/10012585399
development of new energy technologies (Popp, 2017). Energy innovation tends to consist of a series of partially overlapping …
Persistent link: https://www.econbiz.de/10012481080
tightening constraints on water, arable land, and other natural resources, agricultural innovation is quickly becoming the most … universities, which, historically, have been a major source of agricultural innovation, increasingly dependent on funding from … evidence on the forces that drive research and innovation in agriculture. This book aims to provides such evidence through …
Persistent link: https://www.econbiz.de/10012481664
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
Innovation is important for firm performance and broader economic growth. But breakthrough innovations necessarily … rewards that disproportionately encouraged the choice of higher-risk projects. Despite these incentives, most participants … effect on the rate of breakthrough innovation and the profitability of firms …
Persistent link: https://www.econbiz.de/10012482028