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Birds of a Feather - Better Together? Exploring the Optimal Spatial Distribution of Ethnic Inventors
Agrawal, Ajay K. - 2013
We examine how the spatial and social proximity of inventors affects knowledge flows, focusing especially on how the two forms of proximity interact. We develop a knowledge flow production function (KFPF) as a flexible tool for modeling access to knowledge and show that the optimal spatial...
Persistent link: https://www.econbiz.de/10012754047
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The State of Corporate Governance Research
Bebchuk, Lucian A. - 2011
and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research … governance project. Each of the papers represents state-of-the-art research in an important area of corporate governance research …
Persistent link: https://www.econbiz.de/10013134144
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Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
Chinn, Menzie David - 2012
Might the dollar eventually follow the precedent of the pound and cede its status as leading international reserve currency? Unlike ten years ago, there now exists a credible competitor: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve...
Persistent link: https://www.econbiz.de/10013105149
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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. The gains from pursuing such innovative research paths may, however, be very …
Persistent link: https://www.econbiz.de/10013065176
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Induced Innovation and Social Inequality : Evidence from Infant Medical Care
Cutler, David M. - 2014
We develop a model of induced innovation where research effort is a function of the death rate, and thus the potential … predictions. First, initial death rates and subsequent research effort should be positively correlated. Second, research effort …
Persistent link: https://www.econbiz.de/10013070797
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Scarcity of Ideas and R&D Options : Use it, Lose it or Bank it
Erkal, Nisvan - 2014
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10013071185
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Social Ties and Favoritism in Chinese Science
Fisman, Raymond J. - 2017
We study favoritism via hometown ties, a common source of favor exchange in China, in fellow selection of the Chinese Academies of Sciences and Engineering. Hometown ties to fellow selection committee members increase candidates' election probability by 39 percent, coming entirely from the...
Persistent link: https://www.econbiz.de/10012963711
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Patents and Research Investments : Assessing the Empirical Evidence
Budish, Eric B. - 2016
A well-developed theoretical literature — dating back at least to Nordhaus (1969) — has analyzed optimal patent policy design. We re-present the core trade-off of the Nordhaus model and highlight an empirical question which emerges from the Nordhaus framework as a key input into optimal...
Persistent link: https://www.econbiz.de/10013001206
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Learning When to Quit : An Empirical Model of Experimentation
Ganglmair, Bernhard - 2018
Research productivity depends on the ability to discern whether an idea is promising, and a willingness to abandon the …-prize. Subsidies have a larger impact on research output, though prizes perform better when accounting for researchers' opportunity …
Persistent link: https://www.econbiz.de/10012926402
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The Diffusion of Scientific Knowledge Across Time and Space : Evidence from Professional Transitions for the Superstars of Medicine
Azoulay, Pierre - 2015
Are scientific knowledge flows embodied in individuals, or "in the air"? To answer this question, we measure the effect of labor mobility in a sample of 9,483 elite academic life scientists on the citation trajectories associated with individual articles (resp. patents) published (resp. granted)...
Persistent link: https://www.econbiz.de/10013038334