Showing 1 - 10 of 42
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …
Persistent link: https://www.econbiz.de/10013056191
Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …
Persistent link: https://www.econbiz.de/10012920884
knowledge accumulates as technology progresses, then successive generations of innovators may face an increasing educational … negative implications for growth. I develop a formal model of this "knowledge burden mechanism" and derive six testable … sufficiently rapid increase in the burden of knowledge. In cross-section, the model predicts that specialization and teamwork will …
Persistent link: https://www.econbiz.de/10013219224
information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … detailed measures of knowledge outputs, knowledge investments, and sources of existing knowledge. We find that globally engaged …
Persistent link: https://www.econbiz.de/10013228042
How does the formation of cross-country teams affect the organization of work and the structure of wages? To study this question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents specialize in production and more skilled agents...
Persistent link: https://www.econbiz.de/10013323444
for retirement. Many respondents display limited knowledge and understanding of public and company-provided retirement … remainder of their lifetimes, many do not possess enough basic financial knowledge to confidently make optimal choices …
Persistent link: https://www.econbiz.de/10013134999
We ask how patient knowledge of appropriate antibiotic usage affects both physicians prescribing behavior and the …-like complaints visits the same physician. Simulated patient A is instructed to ask a question that showcases his/her knowledge of … patient's knowledge of appropriate antibiotics use reduces both antibiotic prescription rates and drug expenditures. Such …
Persistent link: https://www.econbiz.de/10013135233
suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around … Security knowledge. Third, standardizing for incomes and other factors, a pension of higher value does not substitute for other …, other things the same. Fourth, there is no evidence that wealth held outside of pensions is influenced by knowledge of …
Persistent link: https://www.econbiz.de/10013136556
produce health. This suggests that the more educated have more knowledge about the health production function and they have … more health knowledge. This paper uses data from the 1997 and 2002 waves of the NLSY97 to conduct an investigation of the … allocative efficiency hypothesis by analyzing whether education improves health knowledge. The survey design allows us to observe …
Persistent link: https://www.econbiz.de/10013115648
As the world becomes more financially integrated and complex, average individuals and their families are increasingly faced with making highly sophisticated and all-too-often irreversible financial decisions. Nowhere is this more evident than with regard to retirement decision-making. Indeed,...
Persistent link: https://www.econbiz.de/10013124840