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The Economics of Crisis Innovation Policy : A Historical Perspective
Gross, Daniel P.; Sampat, Bhaven N. - 2021
-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …
Persistent link: https://www.econbiz.de/10013251453
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Expected Profits and the Scientific Novelty of Innovation
Dranove, David; Garthwaite, Craig; Hermosilla, Manuel - 2022
Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …
Persistent link: https://www.econbiz.de/10013309194
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The U.S. Patent System in Transition : Policy Innovation and the Innovation Process
Jaffe, Adam B. - 2021
relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …
Persistent link: https://www.econbiz.de/10013226916
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Bias Against Novelty in Science : A Cautionary Tale for Users of Bibliometric Indicators
Wang, Jian - 2016
Research which explores unchartered waters has a high potential for major impact but also carries a higher uncertainty of having impact. Such explorative research is often described as taking a novel approach. This study examines the complex relationship between pursuing a novel approach and...
Persistent link: https://www.econbiz.de/10012993848
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Entice-Br : The Effects of Backstop Technology R&D on Climate Policy Models
Popp, David - 2021
technology, opportunity costs of research limit the role induced innovation can play. Moreover, since the backstop technology …
Persistent link: https://www.econbiz.de/10013216875
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Procuring Knowledge
Maurer, Stephen M.; Scotchmer, Suzanne - 2021
There is growing public interest in alternatives to intellectual property including, but not limited to, prizes and government grants. We argue that there is no single best mechanism for supporting research. Rather, mechanisms can only be compared within specific creative environments. We...
Persistent link: https://www.econbiz.de/10013218398
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Inventing the Endless Frontier : The Effects of the World War Ii Research Effort on Post-War Innovation
Gross, Daniel P.; Sampat, Bhaven N. - 2022
During World War II, the U.S. government launched an unprecedented effort to mobilize science for war: the newly-established Office of Scientific Research and Development (OSRD) entered thousands of R&D contracts with industrial and academic contractors, spending one to two orders of magnitude...
Persistent link: https://www.econbiz.de/10013292242
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Entice : Endogenous Technological Change in the Dice Model of Global Warming
Popp, David - 2021
Despite growing empirical evidence of the link between environmental policy and innovation, most economic models of … innovation in the energy sector. Ignoring induced technological change overstates the welfare costs of an optimal carbon tax …, as the effect of induced innovation on emissions and mean global temperature is small. Sensitivity analysis shows that …
Persistent link: https://www.econbiz.de/10013243611
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European Technology Policy
Eaton, Jonathan; Gutierrez, Eva; Kortum, Samuel S. - 2021
European countries do less research than Japan and the United States. We use a quantitative multi-country growth model to ask: (i) Why is this so? (ii) Would there be any benefit to expanding research in Europe? (iii) What would various European research promotion policies do? We find that (i)...
Persistent link: https://www.econbiz.de/10013245102
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Innovation by Entrants and Incumbents
Acemoglu, Daron - 2010
We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more "radical" innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both entry...
Persistent link: https://www.econbiz.de/10013137600