Showing 1 - 10 of 1,484
This article adopts a marketing perspective to examine how blockchain technology can facilitate innovation by …
Persistent link: https://www.econbiz.de/10014226110
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …
Persistent link: https://www.econbiz.de/10013477189
We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and …
Persistent link: https://www.econbiz.de/10013462719
We model a key step in the innovation process, hypothesis generation, as the making of predictions over a vast …, they use artificial intelligence (AI) instead. We model innovation as resulting from sequential search over a combinatorial … innovation outcomes of interest - the probability of innovation, expected search duration, and expected profit. We describe …
Persistent link: https://www.econbiz.de/10014337792
Concern exists that public funding of science is increasingly risk averse. Funders have addressed this concern by soliciting the submission of high-risk research to either regular or specially designed programs. Little evidence, however, has been gathered to examine the extent to which such...
Persistent link: https://www.econbiz.de/10013361975
Timely and accurate measurement of AI use by firms is both challenging and crucial for understanding the impacts of AI on the U.S. economy. We provide new, real-time estimates of current and expected future use of AI for business purposes based on the Business Trends and Outlook Survey for...
Persistent link: https://www.econbiz.de/10014528359
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first …-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion within firms. Using … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both …
Persistent link: https://www.econbiz.de/10014322729
Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...
Persistent link: https://www.econbiz.de/10013388871
endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation …
Persistent link: https://www.econbiz.de/10012480621