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divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the … investment opportunities. I argue that continuing to invest in dirty industries could drive green innovation conditional on …
Persistent link: https://www.econbiz.de/10014226139
We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the importance of mega firms in novel patents had been...
Persistent link: https://www.econbiz.de/10014322847
Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping … stifling broad sectoral innovation. We conclude with speculations regarding how this oligopolistic future might be averted …
Persistent link: https://www.econbiz.de/10014544752
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian … entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of … possibilities of successful commercialization since the inventor may further adapt the innovation to customer needs, transmit …
Persistent link: https://www.econbiz.de/10010320081
, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent … of new firm entry, but rather by a small subset of high-growth startups that are primarily categorized as innovation …-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …
Persistent link: https://www.econbiz.de/10012599280
Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from...
Persistent link: https://www.econbiz.de/10012496087
Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder … innovation by making firms reluctant to invest in R&D. A common way that firms limit workers' mobility is with noncompete … agreements (NCAs). We examine how the legal enforceability of NCAs affects innovation, as measured by patenting, using data on …
Persistent link: https://www.econbiz.de/10014322874
We model social media as collections of users producing and consuming content. Users value consuming content, but doing so uses up their scarce attention, and hence they prefer content produced by more able users. Users also value receiving attention, creating the incentive to attract an...
Persistent link: https://www.econbiz.de/10012510545
We measure the individual and collective viewpoints of US Congress members on various economic policies by scraping their Twitter accounts. Tweets that criticize (support) a particular company are associated with a significant negative (positive) stock price reaction in a narrow time window...
Persistent link: https://www.econbiz.de/10012510628