Prizes are receiving increasing attention in policy and entrepreneurial communities as means to promote innovation, but their distinguishing features remain inadequately understood. Models of patents treat winning a patent as winning a prize; other models distinguish prizes primarily as public...

We extend the theory of quality-adjusted expenditure indices to estimate benefits from public investment. In particular, we model the selection of new instruments (in the form of remote-sensing devices) to enhance the longest-operating U.S. satellite-based land-observing program, Landsat. We...

We demonstrate the diffusion in use of Earth observations data in social science research. Our study is motivated by the continuing debate among policymakers over the value of the nation’s investment in Earth observations. We also consider the role of related factors including the spread of...