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The Effects of Entry on Incumbent Innovation and Productivity
Aghion, Philippe; Blundell, Richard W.; Griffith, Rachel; … - 2021
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …
Persistent link: https://www.econbiz.de/10013228275
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What is a Patent Worth? Evidence from the U.S. Patent “Lottery”
Farre-Mensa, Joan - 2017
quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …
Persistent link: https://www.econbiz.de/10012960171
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The State of American Entrepreneurship : New Estimates of the Quality and Quantity of Entrepreneurship for 32 Us States, 1988-2014
Guzman, Jorge - 2016
Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality of new ventures. Combining comprehensive business registries and predictive analytics, we present estimates of entrepreneurial quantity and quality from 1988-2014. Rather than...
Persistent link: https://www.econbiz.de/10012996381
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Fire in the Belly? Employee Motives and Innovative Performance in Startups Versus Established Firms
Sauermann, Henry - 2017
concerned with the supply of human capital to entrepreneurship and innovation …
Persistent link: https://www.econbiz.de/10012964403
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"Success Taxes," Entrepreneurial Entry, and Innovation
Gentry, William M.; Hubbard, R. Glenn - 2021
Interest in the role of entrepreneurial entry in innovation raises the question of the extent to which tax policy … innovative entrepreneurs confounds interpreting this specification. Using education as a measure of potential for innovation, we …
Persistent link: https://www.econbiz.de/10013230410
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Dynamic R&D Choice and the Impact of the Firm's Financial Strength
Peters, Bettina - 2016
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...
Persistent link: https://www.econbiz.de/10012997893
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Foreclosure Externalities : Some New Evidence
Gerardi, Kristopher - 2014
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale prices of nearby properties. We revisit this issue using a more robust identification strategy combined with new data that contain information on the location of properties...
Persistent link: https://www.econbiz.de/10013065502
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The Role of External Economies in U.S. Manufacturing
Caballero, Ricardo J. - 2007
This paper develops a method for joint estimation of both the degree of internal returns to scale and the extent of …
Persistent link: https://www.econbiz.de/10012777162
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Coordinated Noise Trading : Evidence from Pension Fund Reallocations
Da, Zhi - 2016
We document a novel channel through which coordinated noise trading exerts externalities on financial markets dominated … suggest that giving retirement savers unconstrained reallocation opportunities may exert negative externalities on financial …
Persistent link: https://www.econbiz.de/10012994906
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Health Insurance and the Obesity Externality
Bhattacharya, Jay; Sood, Neeraj - 2021
If rational individuals pay the full costs of their decisions about food intake and exercise, economists, policy makers, and public health officials should treat the obesity epidemic as a matter of indifference. In this paper, we show that, as long as insurance premiums are not risk rated for...
Persistent link: https://www.econbiz.de/10013220959