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This paper proposes a reduced form model of dynamic duopoly in the context of heterogeneous innovations framework. Two agents invest into product and process innovations simultaneously. Every newly introduced product has its own dimension of process-improving innovations and there is a continuum...
Persistent link: https://www.econbiz.de/10014041505
emphasizes a positive correlation between firm-level innovation and productivity gains. It is unsurprising, then, that policy … makers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is … extensively as a proxy for innovation in the literature. Here, we use a production function approach to estimate the return to R …
Persistent link: https://www.econbiz.de/10011811948
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
This chapter summarizes the basic characteristics of patent data as an innovation indicator and reviews some of the … recent research using patent data, focusing on major developments since Griliches in 1990 [Griliches, Z. (1990). “Patent … availability of patent data on an increasingly global scale and the accompanying global spread of research using patent data. The …
Persistent link: https://www.econbiz.de/10014025146
imitate instead of concurrently investing in innovation, which alleviates competitive pressure. In contrast with the classical …
Persistent link: https://www.econbiz.de/10011866633
Innovation is fundamentally dependent on the support of research technology. Governments and organizations have been …, our understanding of how specific attributes of research technologies affect the rate and direction of innovation, and … evaluates the role of research technology attributes for the rate and direction of innovation. The model produces empirically …
Persistent link: https://www.econbiz.de/10014255502
such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
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