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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
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Innovation Networks in the Industrial Revolution
Rosenberger, Lukas; Hanlon, W. Walker; Hallmann, Carl - National Bureau of Economic Research - 2024
Industrial Revolution? We argue that Britain possessed an important but underappreciated innovation advantage: British inventors … worked in technologies that were more central within the innovation network. We offer a new approach for measuring the … innovation network using patent data from Britain and France in the late-18th and early-19th century. We show that the network …
Persistent link: https://www.econbiz.de/10015056202
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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
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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
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Do Technology Standards Induce Innovation in Environmental Technologies When Coordination is Important?
Gregoire-Zawilski, Myria; Popp, David - National Bureau of Economic Research - 2023
If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative … determinants of innovation in this sector to glean insights on how government may support the development and deployment of these … technologies. We argue that policies that were successful at supporting the first wave of renewables innovation may not be …
Persistent link: https://www.econbiz.de/10013537766
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The Regulation of Medical AI : Policy Approaches, Data, and Innovation Incentives
Stern, Ariel Dora - National Bureau of Economic Research - 2022
, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …
Persistent link: https://www.econbiz.de/10013477189
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Intellectual Property Protection Lost and Competition : An Examination Using Machine Learning
Acikalin, Utku U.; Caskurlu, Tolga; Hoberg, Gerard; … - National Bureau of Economic Research - 2022
We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and …
Persistent link: https://www.econbiz.de/10013462719
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Of Academics and Creative Destruction : Startup Advantage in the Process of Innovation
Kolev, Julian; Haughey, Alexis; Murray, Fiona E. S.; … - National Bureau of Economic Research - 2022
What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of … ventures in the innovation process relative to more traditional alternatives such as academia and established private … generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents …
Persistent link: https://www.econbiz.de/10013362016
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Tracking Firm Use of AI in Real Time : A Snapshot from the Business Trends and Outlook Survey
Bonney, Kathryn; Breaux, Cory; Buffington, Cathy; … - National Bureau of Economic Research - 2024
Timely and accurate measurement of AI use by firms is both challenging and crucial for understanding the impacts of AI on the U.S. economy. We provide new, real-time estimates of current and expected future use of AI for business purposes based on the Business Trends and Outlook Survey for...
Persistent link: https://www.econbiz.de/10014528359
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Personal Bankruptcy Law and Innovation around the World
Cumming, Douglas J.; Morck, Randall; Rong, Zhao; Zhang, … - National Bureau of Economic Research - 2024
reforms also redistribute innovation across industries in closer alignment to its distribution in the U.S., which we take to … increasing value-added growth rates across all industries, and by larger margins in industries with more innovation potential …
Persistent link: https://www.econbiz.de/10015056150