We present three types of evidence about the effect of cancer drug vintage-year of initial world launch - on cancer survival and mortality. All three are based on group-level data, and employ difference-in-difference research designs, which enable us to control for the influence of potentially...

Most economic analyses of path creation and dependence are stories about how standards create network externalities - and thus potential "lock-in" - in technological systems like personal computers or high-definition television. This paper examines similar questions of path creation and...

This paper studies the impact of the first joint licensing platform for patented drugs, the Medicines Patent Pool, on global drug diffusion and innovation. The pool allows generic firms worldwide to license drug bundles cheaply and conveniently for sales in a set of developing countries. I...

The COVID pandemic underscores the need for fair access to health. In this paper, we propose a peer-to-peer business model for drug discovery, which democratizes the drug discovery process and reduce drug prices by cutting the intermediaries that stand between biomedical researchers and future...

Previous literature finds that larger downstream markets fuel the innovation of new technologies by incentivizing firms to spend more on R&D. Our evidence shows that larger markets also increase the extent of licensing-based cooperation between upstream innovators and downstream commercializers....

This paper explores how the regulatory approval process affects innovation incentives in medical technologies. Prior studies have found early mover regulatory advantages for drugs. I find the opposite for medical devices, where pioneer entrants spend 34 percent (7.2 months) longer than follow-on...

This paper examines international technology transfers using firm-level data across 43developing countries. Our findings show that exporting and importing activities are importantchannels for the transfer of technology...

Using a unique longitudinal representative survey of both manufacturing and nonmanufacturingbusinesses in the United States during the 1990’s, I examine the incidenceand intensity of organizational innovation and the factors associated with investments inorganizational innovation...

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding...