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in the behavior of individuals and the ways in which knowledge is distributed and translated within that ecosystem. While …
Persistent link: https://www.econbiz.de/10014337774
We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and … established firms, which account for more than three-quarters of business R&D, is affected by scientific knowledge produced by … commercialize university inventions. Moreover, abstract knowledge advances per se elicit little or no response. Our findings …
Persistent link: https://www.econbiz.de/10014437030
We show that supply networks are inefficiently, and insufficiently, resilient. Upstream firms can expand their production capacity to hedge against supply and demand shocks. But the social benefits of such investments are not internalized due to market power and market incompleteness. Upstream...
Persistent link: https://www.econbiz.de/10014512075
Network diffusion models are used to study things like disease transmission, information spread, and technology …
Persistent link: https://www.econbiz.de/10014512105
, and different network layers. At the individual level, homophilous tendencies are persistent across time and network … those characteristics. We also document the nuanced impact of network connections on changes in Grade Point Average …
Persistent link: https://www.econbiz.de/10013477307
thinking about such social exchanges of models. The key assumption is that people adopt the interpretation in their network … that best explains the data, given their prior beliefs. An implication is that interpretations evolve within a network. For … many network structures, social learning mutes reactions to data: the exchange of models leaves beliefs closer to priors …
Persistent link: https://www.econbiz.de/10013462690
these issues using a model of (Bayesian) learning over a social network. Agents learn rapidly from and may also have … environment changes sufficiently rapidly, any network consisting of just strong links will do only a little better than random …
Persistent link: https://www.econbiz.de/10014287315
We study the effect of price caps on the provision of costly effort by pharmaceutical firms using variation in drug discounts generated by a price regulation program that allows eligible hospitals to purchase outpatient drugs at steep discounts. These discounts directly affect drug...
Persistent link: https://www.econbiz.de/10014512103
Across many sectors, research has established that management explains a notable portion of productivity differences across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices that matter. We shed light on this question by...
Persistent link: https://www.econbiz.de/10014250209
We study direct productivity changes and spillovers after a randomized training program for the frontline workers in a Colombian government agency. While trained workers improved their individual production, we also find substantial spillovers that affected managers' productivity. We use email...
Persistent link: https://www.econbiz.de/10013334442