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

Packalen, Mikko - 2014

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/10013065176

New Ideas in Invention

Packalen, Mikko - 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/10013029014

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

Bhattacharya, Jay - 2015

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/10012750249

Cities and Ideas

Packalen, Mikko - 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/10013029015

Technological Progress and Health Convergence : The Case of Penicillin in Post-War Italy

Alsan, Marcella - 2019

Throughout history, technological progress has transformed population health, but the distributional effects of these gains are unclear. New substitutes for older, more expensive health technologies can produce convergence in population health outcomes, but may also be prone to “elite...

Persistent link: https://www.econbiz.de/10012893126

When Technological Advance Meets Physician Learning in Drug Prescribing

Depalo, Domenico - 2019

The support for scientific investigation in biomedicine depends in part on the adoption of new knowledge into medical practice. We investigate how a technological advance, in the form of a large and influential 2010 randomized controlled study, changed physician practice in statin (a medication...

Persistent link: https://www.econbiz.de/10012863696

Technology, Monopoly, and the Decline of the Viatical Settlements Industry

Sood, Neeraj; Alpert, Abby; Bhattacharya, Jay - 2022

The viatical settlement industry provides an opportunity for terminally-ill consumers, typically HIV patients, to exploit a previously untapped source of equity in existing life insurance contracts to finance consumption and medical expenses. The 1996 introduction and dissemination of effecive...

Persistent link: https://www.econbiz.de/10014066491

The Other Ex-Ante Moral Hazard in Health

Bhattacharya, Jay - 2008

an induced innovation externality. This alternative mechanism, by contrast, causes people to devote an inefficiently high … level of self-protection. As an empirical example of this externality, we analyze the innovation induced by the obesity … epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that …

Persistent link: https://www.econbiz.de/10012772375