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Innovation is part idea generation and part development. We build a model of “innovating-bydoing,” whereby ideas come … to practitioners. Successful innovation requires that practitioners’ideas be developed through costly effort. Our model … program onmedical equipment innovation. Our model’s structure allows us to infer the Medicare program’saggregate effects. We …
Persistent link: https://www.econbiz.de/10013232414
innovation. These include both improvements in physical capital, such as smart grids to aid integration of intermittent … innovation and discuss the lessons learnt for policy. We then discuss the need for complementary innovation in both physical …
Persistent link: https://www.econbiz.de/10013427664
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong …
Persistent link: https://www.econbiz.de/10011584872
We study the prevalence and traits of global collaborative patents for U.S. public companies, where the inventor team … is located both within and outside of the United States. Collaborative patents are frequently observed when a corporation … is weak. We also connect collaborative patents to the ethnic composition of the firm’s U.S. inventors and cross …
Persistent link: https://www.econbiz.de/10011584882
small and medium sized cities. Patent applications are used as the measure of innovation. Human capital indicators used … significant effect on firms’ innovation in small and middle cities. We also find that the effect of R&D on patents is …Understanding the factors that may produce a sustained rate of innovation is important for promoting economic …
Persistent link: https://www.econbiz.de/10011615925
markups, falling labor share and productivity growth. Patents are an important obstacle to knowledge diffusion. We find an … inverse U-shaped relationship between patent strength and growth: moderate levels of patent protection can stimulate growth …
Persistent link: https://www.econbiz.de/10014469805
in imports from China on innovation in the US manufacturing sector. We combine patent, firm and trade data during 1990 … positive effect on firm innovation, as measured by citation-weighted patent applications. This positive effect persists when we …-wage countries, especially China. Does this competition hurt or help innovation by firms? This paper studies the effect of the surge …
Persistent link: https://www.econbiz.de/10011698736
Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms’ internal drug development capability. We evaluate the effects of M&As on firms’ post-merger R&D...
Persistent link: https://www.econbiz.de/10012227643
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms’ technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional...
Persistent link: https://www.econbiz.de/10011744913
This paper elaborates on the recent race to sequence the human genome. Starting from the debate on public vs. private research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities play an important role, market and non-market...
Persistent link: https://www.econbiz.de/10010315164