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The Causal Effects of Competition on Innovation : Experimental Evidence

Aghion, Philippe - 2014

In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same...

Persistent link: https://www.econbiz.de/10013056594

Volatility and Growth : Credit Constraints and Productivity-Enhancing Investment

Aghion, Philippe; Banerjee, Abhijit V.; Angeletos, … - 2021

We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …

Persistent link: https://www.econbiz.de/10013252334

Patent Rights, Product Market Reforms, and Innovation

Aghion, Philippe - 2014

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...

Persistent link: https://www.econbiz.de/10013064451

Regulation and Distrust

Aghion, Philippe - 2010

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...

Persistent link: https://www.econbiz.de/10012757998

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron - 2014

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...

Persistent link: https://www.econbiz.de/10012752291

The Impact of Regulation on Innovation

Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - 2022

endogenous growth model with size-contingent regulations. We apply this to population administrative firm panel data from France …, where many labor regulations apply to firms with 50 or more employees. Nonparametrically, we find that there is a sharp fall … changes in the direction of R&D, and find that regulation’s negative effects only matter for incremental innovation (as …

Persistent link: https://www.econbiz.de/10014089533

The Governance and Performance of Research Universities : Evidence from Europe and the U.S

Aghion, Philippe - 2010

We investigate how university governance affects research output, measured by patenting and international university research rankings. For both European and U.S. universities, we generate several measures of autonomy, governance, and competition for research funding. We show that university...

Persistent link: https://www.econbiz.de/10012757593