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Words in Patents: Research Inputs and the Value of Innovativeness in Invention

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2012

Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress....

Persistent link: https://www.econbiz.de/10010821823

New Ideas in Invention

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

A key decision in research is whether to try out new ideas or build on more established ideas. In this paper, we evaluate which type of work is more likely to spur further invention. When recent advances create superior opportunities for invention, their adoption as research inputs in the...

Persistent link: https://www.econbiz.de/10011159886

Cities and Ideas

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

Faster technological progress has long been considered a key potential benefit of agglomeration. Physical proximity to others may help inventors adopt new ideas in their work by increasing awareness about which new ideas exist and by enhancing understanding of the properties and usefulness of...

Persistent link: https://www.econbiz.de/10011159889

Age and the Trying Out of New Ideas

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

Older scientists are often seen as less open to new ideas than younger scientists. We put this assertion to an empirical test. Using a measure of new ideas derived from the text of nearly all biomedical scientific articles published since 1946, we compare the tendency of younger and older...

Persistent link: https://www.econbiz.de/10011159890

Is Medicine an Ivory Tower? Induced Innovation, Technological Opportunity, and For-Profit vs. Non-Profit Innovation

Bhattacharya, Jay; Packalen, Mikko - National Bureau of Economic Research (NBER) - 2008

opportunities. The paper also provides new evidence on induced pharmaceutical innovation. In both cases we use the change in the … demographic structure of the market (measured by age structure and obesity prevalence) to test the induced innovation hypothesis … pharmaceutical innovation responds to aging- and obesity-induced changes in potential market size. …

Persistent link: https://www.econbiz.de/10005829046