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The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this … chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played … coal to oil, and briefly analyze two government programs that have attempted to promote innovation: synthetic rubber and …
Persistent link: https://www.econbiz.de/10013070355
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
We model early expectations about the value and technological importance ('quality') of a patented innovation as a …
Persistent link: https://www.econbiz.de/10013217927
about the relationship between the patent system and innovation, in order to draw some tentative conclusions about their …
Persistent link: https://www.econbiz.de/10012753142
We empirically analyze the welfare effects of cross-firm bundling in the pharmaceutical industry. Physicians often treat patients with "cocktail" regimens that combine two or more drugs. Firms cannot price discriminate because each drug is produced by a different firm and a physician creates the...
Persistent link: https://www.econbiz.de/10013138761
Theoretical investigations have examined both anti-competitive and efficiency-inducing rationales for vertical bundling, making empirical evidence important to understanding its welfare implications. We use an extensive dataset on full-line forcing contracts between movie distributors and video...
Persistent link: https://www.econbiz.de/10013138764
This paper studies nonparametric identification in binary choice games of complete information. We allow for correlated unobservables across players. We propose conditions under which the binary choice game is a so-called potential game and impose that the selected equilibrium maximizes its...
Persistent link: https://www.econbiz.de/10013104999
Government programs are often offered on an optional basis to market participants. We explore the economics of such voluntary regulation in the context of a Medicare payment reform, in which one medical provider receives a single, predetermined payment for a sequence of related healthcare...
Persistent link: https://www.econbiz.de/10012833119
<script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/mathjax/2.7.1/MathJax.js?config=AM_HTMLorMML-full"></script>Consider two heterogenous populations of agents who, when matched, jointly produce an output, `Y`. For example, teachers and classrooms of students together produce achievement, parents raise children, whose life outcomes vary in adulthood, assembly plant managers and workers produce a certain...
Persistent link: https://www.econbiz.de/10012936351
This paper measures the effects of real estate brokerage services provided to sellers, other than MLS listings, on the terms and timing of home sales. It is not obvious that sellers benefit from those services. On the one hand, brokers offer potentially useful knowledge and expertise. On the...
Persistent link: https://www.econbiz.de/10012759534