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Discretionary Policy and Multiple Equilibria
King, Robert G. - 2021
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10013221106
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Agglomeration and Innovation
Carlino, Gerald A. - 2014
This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …
Persistent link: https://www.econbiz.de/10013049373
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Firm Scope and Spillovers from New Product Innovation : Evidence from Medical Devices
Grennan, Matthew - 2018
policy, due to their potential to foreclose competition and affect innovation incentives. We exploit major new product …
Persistent link: https://www.econbiz.de/10012909115
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Valuation of New Goods Under Perfect and Imperfect Competition
Hausman, Jerry A. - 2021
The Consumer Price Index (CPI) attempts to answer the question of how much more (or less) income does a consumer require to be as well off in period 1 as in period 0 given changes in prices, changes in the quality of goods, and the introduction of new goods (or the disappearance of existing...
Persistent link: https://www.econbiz.de/10013249237
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How Does Information Technology Really Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement and Worker Skills
Bartel, Ann P.; Ichniowski, Casey; Shaw, Kathryn L. - 2021
manufacturing - to study the effects of new IT on product innovation, production process improvements, employee skills and work …
Persistent link: https://www.econbiz.de/10013244133
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A Model of Diffusion in the Production of an Innovation
Gort, Michael; Konakayama, Akira - 2022
This paper is an attempt to explain diffusion in the production of an innovation. Diffusion in production is defined as … innovation. The principal variable that explains diffusion of entry is the demonstration effect. The principal variable that …
Persistent link: https://www.econbiz.de/10013323493
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Biased Sampling of Early Users and the Direction of Startup Innovation
Cao, Ruiqing; Koning, Rembrand; Nanda, Ramana - 2022
Using data from a prominent online platform for launching new digital products, we document that the composition of the platform's ‘beta testers’ on the day a new product is launched has a systematic and persistent impact on the venture's success. Specifically, we use word embedding methods...
Persistent link: https://www.econbiz.de/10014241447
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The Control of Strategic Alliances : An Empirical Analysis of Biotechnology Collaborations
Merges, Robert P.; Lerner, Josh - 2021
In this paper, we examine the determinants of control rights in technology strategic alliances between biotechnology firms and pharmaceutical corporations, as well as with other biotechnology firms. We undertake three clinical studies and an empirical analysis of 200 contracts. Consistent with...
Persistent link: https://www.econbiz.de/10013224324
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Productivity in Pharmaceutical Biotechnology R&D : The Role of Experience and Alliances
Danzon, Patricia M.; Nicholson, Sean; Sousa Pereira, Nuno - 2021
Using data on over 900 firms for the period 1988-2000, we estimate the effect on phase-specific biotech and pharmaceutical R&D success rates of a firm's overall experience, its experience in the relevant therapeutic category; the diversification of its experience, and alliances with large and...
Persistent link: https://www.econbiz.de/10013233843
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Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality
Nicholson, Sean; Danzon, Patricia M.; McCullough, Jeffrey - 2021
Biotechnology companies rely heavily on alliances with pharmaceutical companies to finance their research and development expenditures, and pharmaceutical firms rely heavily on alliances to supplement their internal research and development. Previous studies suggest that asymmetric information...
Persistent link: https://www.econbiz.de/10013247629