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Dancing with the Stars : Innovation Through Interactions

Akcigit, Ufuk - 2018

An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …

Persistent link: https://www.econbiz.de/10012453248

Mapping the Knowledge Space : Exploiting Unassisted Machine Learning Tools

Teodoridis, Florenta; Lu, Jino; Furman, Jeffrey L. - National Bureau of Economic Research - 2022

Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation … several contexts for research in innovation. We benchmark and demonstrate the benefits of this approach in the context of 44 …

Persistent link: https://www.econbiz.de/10013435165

Measuring the Commercial Potential of Science

Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024

This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

Persistent link: https://www.econbiz.de/10014512116

(Co-)Working in Close Proximity : Knowledge Spillovers and Social Interactions

Roche, Maria P.; Oettl, Alexander; Catalini, Christian - National Bureau of Economic Research - 2022

We examine the influence of physical proximity on between-startup knowledge spillovers at one of the largest technology co-working hubs in the United States. Relying on the random assignment of office space to the hub's 251 startups, we find that proximity positively influences knowledge...

Persistent link: https://www.econbiz.de/10013334339

Knowledge Spillovers and Learning in the Workplace : Evidence from the U.S. Patent Office

Frakes, Michael D. - 2017

Using application-level data from the Patent Office from 2001 to 2012, merged with personnel data on patent examiners, we explore the extent to which the key decision of examiners--whether to allow a patent--is shaped by the granting styles of her surrounding peers. Taking a number of...

Persistent link: https://www.econbiz.de/10012453554

Which Peers Matter? The Relative Impacts of Collaborators, Colleagues, and Competitors

Borjas, George J. - 2014

Many economists believe knowledge production generates positive spillovers among knowledge producers. The available evidence, however, is mixed. We argue that spillovers can exist along three dimensions (idea, geographic, and collaboration space). To isolate the key channel through which...

Persistent link: https://www.econbiz.de/10012458638

Dynamics of Information Exchange in Endogenous Social Networks

Acemoglu, Daron - 2010

We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...

Persistent link: https://www.econbiz.de/10012462246

A Penny for Your Thoughts

Hanlon, W. Walker; Heblich, Stephan; Monte, Ferdinando; … - National Bureau of Economic Research - 2022

How do communication costs affect the production of new ideas and inventions? To answer this question, we study the introduction of the Uniform Penny Post in Great Britain in 1840. This reform replaced the previous system of expensive distance-based postage fees with a uniform low rate of one...

Persistent link: https://www.econbiz.de/10013210104

The Effect of Public Science on Corporate R&D

Arora, Ashish; Belenzon, Sharon; Cioaca, Larisa C.; … - National Bureau of Economic Research - 2023

innovation in firms. However, inventions from universities and public research institutes substitute for corporate inventions and …

Persistent link: https://www.econbiz.de/10014437030

Evaluation and Learning in R&D Investment

Frankel, Alex; Krieger, Joshua L.; Li, Danielle; … - National Bureau of Economic Research - 2023

We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...

Persistent link: https://www.econbiz.de/10014287391