We develop a model to rationalize and examine so-called "research bubbles", i.e. research activities based on … overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into … innovation and growth. In an overlapping generations framework, we study the occurrence of research bubbles and show that they …

We develop a model to rationalize and examine so-called “research bubbles”, i.e. research activities based on … overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into … innovation and growth. In an overlapping generations framework, we study the occurrence of research bubbles and show that they …