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Demand Shocks, Procurement Policies, and the Nature of Medical Innovation : Evidence from Wartime Prosthetic Device Patents
Clemens, Jeffrey P.; Rogers, Parker - 2021
innovation. We use machine learning tools to develop new data describing the aspects of medical and mechanical innovations that … are emphasized in patent documents. Our analysis of historical patents yields three primary facts. First, we find that the … U.S. Civil War and World War I led to substantial increases in the quantity of prosthetic device patenting relative to …
Persistent link: https://www.econbiz.de/10013314761
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(Trade) War and Peace : How to Impose International Trade Sanctions
de Souza, Gustavo Henrique Bianco; Li, Haishi; Mei, Yuan; … - 2023
Trade sanctions are a common instrument of diplomatic retaliation. To guide current and future policy, we ask: What is the most cost-efficient way to impose trade sanctions against Russia? We build a quantitative model of international trade with input-output connections. Sanctioning countries...
Persistent link: https://www.econbiz.de/10014348044
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Migrant Inventors and the Technological Advantage of Nations
Bahar, Dany - 2019
We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …
Persistent link: https://www.econbiz.de/10012867871
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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 … entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we …
Persistent link: https://www.econbiz.de/10010291511
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Revealed Political Favoritism : Evidence from the Allocation of State Lottery Grants in Israel
Dahan, Momi - 2019
This paper offers a complementary empirical approach that might be better suited to identify the extent of political favoritism in a multi-decision-maker institution than the standard identification strategy. The typical diff-in-diff identification strategy to estimate political favoritism,...
Persistent link: https://www.econbiz.de/10012860767
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Poverty and Economic Behavior : Gambling at Social Security Paydays
Dahan, Momi - 2019
outlets in Israel for two years (2015-2016), I find that gambling revenue spikes at social security paydays. The estimation …
Persistent link: https://www.econbiz.de/10012861458
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Betting Market Efficiency in the Presence of Unfamiliar Shocks : The Case of Ghost Games During the COVID-19 Pandemic
Fischer, Kai - 2020
Betting markets have been frequently used as a natural laboratory to test the efficient market hypothesis and to obtain insights especially for financial markets. We add to this literature in analyzing the velocity and accuracy in which market expectations adapt to an exogenous shock: the...
Persistent link: https://www.econbiz.de/10012823156
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Race-Blind Admissions, School Segregation, and Student Outcomes : Evidence from Race- Blind Magnet School Lotteries
Cook, Jason - 2019
This paper studies a school district that was federally mandated to adopt a race-blind lottery system to fill seats in its oversubscribed magnet schools. The district had previously integrated its schools by conducting separate admissions lotteries by race to offset its predominantly black...
Persistent link: https://www.econbiz.de/10012892247
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How Residence Permits Affect the Labor Market Attachment of Foreign Workers : Evidence from a Migration Lottery in Liechtenstein
Buechel, Berno; Gangl, Selina; Huber, Martin - 2021
We analyze the impact of obtaining a residence permit on foreign workers' labor market and residential attachment. To overcome the usually severe selection issues, we exploit a unique migration lottery that randomly assigns access to residence permits for workers with an employment contract in...
Persistent link: https://www.econbiz.de/10013322017
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The Effect of Low-Skill Immigration Restrictions on US Firms and Workers : Evidence from a Randomized Lottery
Clemens, Michael A.; Lewis, Ethan G. - 2022
The U.S. limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously...
Persistent link: https://www.econbiz.de/10014242159