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Agrawal, Ajay K.; Goldfarb, Avi; Catalini, Christian - National Bureau of Economic Research (NBER) - 2011

Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...

Persistent link: https://www.econbiz.de/10008855521

University Research, Industrial R&D, and the Anchor Tenant Hypothesis

Agrawal, Ajay K.; Cockburn, Iain M. - National Bureau of Economic Research (NBER) - 2002

innovation system,' and these appear to vary markedly in their ability to convert local academic research into local commercial … innovation. We develop and test the hypothesis that the presence of a large, local, R&D-intensive firm an anchor tenant' enhances … the productivity of local innovation systems by making local university research more likely to be absorbed by and to …

Persistent link: https://www.econbiz.de/10005718229

Brain Drain or Brain Bank? The Impact of Skilled Emigration on Poor-Country Innovation

Agrawal, Ajay K.; McHale, John; Kapur, Devesh - National Bureau of Economic Research (NBER) - 2008

The development prospects of a poor country depend in part on its capacity for innovation. The productivity of its …

Persistent link: https://www.econbiz.de/10005777387

Patents as Quality Signals? The Implications for Financing Constraints on R&D

Hall, Bronwyn H; Czarnitzki, Dirk; Hottenrott, Hanna - National Bureau of Economic Research (NBER) - 2014

Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...

Persistent link: https://www.econbiz.de/10010950857

Recruiting for Ideas: How Firms Exploit the Prior Inventions of New Hires

Agrawal, Ajay K.; Singh, Jasjit - National Bureau of Economic Research (NBER) - 2010

When firms recruit inventors, they acquire not only the use of their skills but also enhanced access to their stock of ideas. But do hiring firms actually increase their use of the new recruits' prior inventions? Our estimates suggest they do, quite significantly in fact, by approximately 202%...

Persistent link: https://www.econbiz.de/10008628413

Universities as Research Partners

Hall, Bronwyn H; Link, Albert N.; Scott, John Troy - National Bureau of Economic Research (NBER) - 2000

Universities are a key institution in the US innovation system and an important aspect of their involvement is the role …

Persistent link: https://www.econbiz.de/10005579975

Deals Not Done: Sources of Failure in the Market for Ideas

Agrawal, Ajay K.; Cockburn, Iain M.; Zhang, Laurina - National Bureau of Economic Research (NBER) - 2013

Using novel survey data on technology licensing, we report the first empirical evidence linking the three main sources of failure emphasized in the market design literature (lack of market thickness, congestion, lack of market safety) to deal outcomes. We disaggregate the licensing process into...

Persistent link: https://www.econbiz.de/10010717781