The paper addresses the incentives of the public sector to implement new technologies in public service provision. I focus on the role of local governments under dentralization. Exploiting variation in the level of innovation in a large sample of US school districts, the impact of yardstick...

The emergent phenomenon of crowdfunding, whereby large groups of individuals act collectively to support creative and entrepreneurial endeavors, suggests an alternate model for the financing of innovation. Drawing from extensive field interviews and unique hand-collected datasets of crowdfunding...

The analysis provides conditions under which Standard Setting Organizations (SSOs) choose efficient technology standards. I introduce a two-stage game with both voting and market competition. In equilibrium, standards and market outcomes are efficient even with market power from scarce capacity...

This paper investigates how different dimensions of social capital influence innovation output. The novelty of the paper lies in the fact that for measuring social capital, instead of one overall index, six factors are constructed of 20 indicators using principal components analysis. Then, human...