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The impact of insurer competition on welfare, negotiated provider prices, and premiums in the U.S. private health care … industry is theoretically ambiguous. Reduced competition may increase the premiums charged by insurers and their payments made … hospital-insurer bargaining over premiums and reimbursements, household demand for insurance, and individual demand for …
Persistent link: https://www.econbiz.de/10012459260
effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning … expenditures and internal research expenditures. The findings are consistent with the view that learning expenditures transmit the …
Persistent link: https://www.econbiz.de/10012471292
to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric … conclude by offering suggestions for improving future empirical research on this issue …
Persistent link: https://www.econbiz.de/10012471411
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10012463708
The identification of age, cohort (vintage), and period (year) effects in a panel of individuals or other units is an old problem in the social sciences, but one that has not been much studied in the context of measuring researcher productivity. In the context of a semi-parametric model of...
Persistent link: https://www.econbiz.de/10012466933
In this paper I evaluate the contribution of R&D investments to productivity growth. The basis for the analysis are the free entry condition and the fact that most R&D innovations are embodied. Free entry yields a relationship between the resources devoted to R&D and the growth rate of...
Persistent link: https://www.econbiz.de/10012468067
research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study … there is no consensus on how to administer the sponsorship effectively. Different research incentive contracts are examined …
Persistent link: https://www.econbiz.de/10012468653
Individuals involved in basic research, like other workers, respond to incentives. Funding agencies provide implicit … responses of researchers to rules, socially optimal rules are derived. Research incentive issues have private business analogues …
Persistent link: https://www.econbiz.de/10012473420
This paper develops a theory of promotion based on evaluations by the already promoted. The already promoted show some …
Persistent link: https://www.econbiz.de/10012455159
A well-developed theoretical literature -- dating back at least to Nordhaus (1969) -- has analyzed optimal patent policy design. We re-present the core trade-off of the Nordhaus model and highlight an empirical question which emerges from the Nordhaus framework as a key input into optimal patent...
Persistent link: https://www.econbiz.de/10012456783