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Private versus Social Incentives for Pharmaceutical Innovation
González, Paula; Macho-Stadler, Ines; … - 2015
We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are “follow-on” drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct...
Persistent link: https://www.econbiz.de/10011431208
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10010291511
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Innovation in the Supply and Procurement of Rig Services
Osmundsen, Petter - 2014
Substantial elements of innovation have been observable during recent years in rig supply, in particular regarding …
Persistent link: https://www.econbiz.de/10010420719
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Microeconometric Evidence of Financing Frictions and Innovative Activity
Tiwari, Amaresh K.; Mohnen, Pierre; Palm, Franz; van … - 2014
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10010333391
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Investment in Productivity and the Long-Run Effect of Financial Crises on Output
de Ridder, Maarten - 2016
This paper analyzes the channels through which financial crises exert long-term negative effects on output. Recent models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap between pre-crisis trend and actual GDP. This...
Persistent link: https://www.econbiz.de/10011584942
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How Antitrust Enforcement Can Spur Innovation: Bell Labs and the 1956 Consent Decree
Watzinger, Martin; Fackler, Thomas A.; Nagler, Markus; … - 2017
harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an … to license all its existing patents royalty-free. The compulsory licensing increased follow-on innovation building on … Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased only outside the …
Persistent link: https://www.econbiz.de/10011615906
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Patent Breadth in an International Setting
Bond, Eric; Zissimos, Benjamin - 2017
We examine the Nash equilibria of a game where two national governments set patent breadth strategically. Broader patents make R&D more attractive, but the effect on static efficiency is nonmonotonic. In a North.South model, where only the North can innovate, harmonization of patent breadth...
Persistent link: https://www.econbiz.de/10011657132
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Commanding Nature by Obeying Her: A Review Essay on Joel Mokyr's A Culture of Growth
Spolaore, Enrico - 2019
Why is modern society capable of cumulative innovation? In A Culture of Growth: The Origins of the Modern Economy, Joel …
Persistent link: https://www.econbiz.de/10012052865
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Growth, development, and technological change
Grossmann, Volker; Steger, Thomas M. - 2007
structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …
Persistent link: https://www.econbiz.de/10010264065
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Effects of innovation on employment: a dynamic panel analysis
Lachenmaier, Stefan; Rottmann, Horst - 2007
This paper estimates the effect of innovation on employment at the firm level. Our uniquely long innovation panel data … set of German manufacturing firms covers more than 20 years and allows us to use various innovation measures. We can … distinguish between product and process innovations as well as between innovation inputs and innovation outputs. Using dynamic …
Persistent link: https://www.econbiz.de/10010264143