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Experimentation, Patents, and Innovation
Acemoglu, Daron - 2008
This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …
Persistent link: https://www.econbiz.de/10012464239
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From Learning to Doing : Diffusion of Agricultural Innovations in Guinea-Bissau
Caeiro, Rute Martins - 2019
This paper analyzes the role of social networks in the diffusion of knowledge and adoption of cultivation techniques, from trainees to the wider community, in the context of an extension project in Guinea-Bissau. In order to test for social learning, we exploit a detailed census of households...
Persistent link: https://www.econbiz.de/10012480013
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Drug Diffusion Through Peer Networks : The Influence of Industry Payments
Agha, Leila - 2019
Pharmaceutical companies' marketing efforts primarily target physicians, often through individual detailing that entails monetary or in-kind transfers. We study how peer influence broadens these payments' reach beyond the directly paid physicians. Combining Medicare prescriptions and Open...
Persistent link: https://www.econbiz.de/10012480282
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Can Network Theory-based Targeting Increase Technology Adoption?
Beaman, Lori - 2018
In order to induce farmers to adopt a productive new agricultural technology, we apply simple and complex contagion diffusion models on rich social network data from 200 villages in Malawi to identify seed farmers to target and train on the new technology. A randomized controlled trial compares...
Persistent link: https://www.econbiz.de/10012480567
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Germs, Social Networks and Growth
Fogli, Alessandra - 2012
Does the pattern of social connections between individuals matter for macroeconomic outcomes? If so, where do these differences come from and how large are their effects? Using network analysis tools, we explore how different social network structures affect technology diffusion and thereby a...
Persistent link: https://www.econbiz.de/10012460191
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Information Dynamics and Equilibrium Multiplicity in Global Games of Regime Change
Angeletos, George-Marios - 2004
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10012467670
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Coordinating Separate Markets for Externalities
Abito, Jose-Miguel - 2018
We show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in an integrated product market. Firms take into account the distribution of externality prices and reallocate output from markets with high prices...
Persistent link: https://www.econbiz.de/10012453234
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Discretionary Policy and Multiple Equilibria
King, Robert G. - 2006
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10012466593
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The Political Economy of Responses to COVID-19 in the U.S.A.
Cui, Zhihan; Heal, Geoffrey; Kunreuther, Howard; Liu, Lu - National Bureau of Economic Research - 2021
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132
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Innovation Fertility and Patent Design
Hopenhayn, Hugo A. - 1999
fertility of an innovation in generating more innovations cannot be observed. The menu of patent scope can be implemented with …
Persistent link: https://www.econbiz.de/10012471726