Similar Search Results

Should We Give Up after Solyndra? Optimal Technology R&D Portfolios Under Uncertainty

Webster, Mort - 2015

technologies under uncertainty. Specifically, given two technologies, one with lower costs at present, but the other with greater … uncertainty in the returns to R&D, how should one allocate the R&D budget? We develop a multi-stage stochastic dynamic programming … variance in the uncertainty in returns to R&D and with the skewness of the uncertainty. We also present an illustrative case …

Persistent link: https://www.econbiz.de/10013018720

The State of Corporate Governance Research

Bebchuk, Lucian A. - 2011

This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...

Persistent link: https://www.econbiz.de/10013134144

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

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

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 to reduce deaths in the population. We also consider potential social consequences that arise from this form of induced innovation based on differences in disease prevalence...

Persistent link: https://www.econbiz.de/10013070797

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

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

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

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 ones that are not. Economists know little about this process, however, because empirical studies of innovation typically begin with a sample of issued patents or published...

Persistent link: https://www.econbiz.de/10012926402

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

1
2
3
4
5
6
7
8
9
10
Next
Last