Showing 41 - 50 of 780,384
An arms race for an artificial general intelligence (AGI) would be detrimental for and even pose an existential threat to humanity if it results in an unfriendly AGI. In this paper an all-pay contest model is developed to derive implications for public policy to avoid such an outcome. It is...
Persistent link: https://www.econbiz.de/10011895813
Procurement from Big Science Centers (BSC) yields a variety of spillover effects that can ultimately have growth enhancing consequences for their partner countries. We study the determinants of procurement for the biggest research infrastructure ever built: the Large Hadron Collider (LHC) at...
Persistent link: https://www.econbiz.de/10012869397
US military Research and Development (R&D) expenditures arguably represent the best example of mission-oriented policy. They are sizeable, with a clear-cut public purpose (national defense) and with the government being their exclusive beneficiary. Exploiting a longitudinal dataset linking...
Persistent link: https://www.econbiz.de/10012319172
We quantify the private returns to government R&D contracts awarded to firms. We present new evidence that R&D contracts not only finance innovation but also embed an implicit government guarantee of noncompetitive future procurement for the winning R&D contractor. We measure its private value...
Persistent link: https://www.econbiz.de/10015409913
Public procurement offers sizable market opportunities for young firms. We investigate the firm- and founder-level characteristics determining young firms' decision to apply for public tenders, as well as the procurers' selection of an awardee. We distinguish between observable and unobservable...
Persistent link: https://www.econbiz.de/10015416740
Governments purchase everything from airplanes to zucchini. This paper investigates whether the technological intensity of government demand affects corporate R&Dactivities. In a quality-ladder model of endogenous growth, we show that an increase in the share of government purchases in high-tech...
Persistent link: https://www.econbiz.de/10010312075
This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We develop an endogenous growth model with quality-improving in-novation that incorporates industries with heterogeneous innovation sizes. Government de-mand in high-tech industries...
Persistent link: https://www.econbiz.de/10009271362
In the modern conditions of the post-COVID world, the transformation of the world economy in the framework of the transition to the post-industrial paradigm, and the economy of "knowledge", the national innovation system (NIS) plays a leading role in the formation of competitive sectors of any...
Persistent link: https://www.econbiz.de/10012800107
technologische Intensität seiner Nachfrage den Markt für technologieintensive Produkte und Dienstleistungen erweitern kann. Denn eine … stärkere staatliche Nachfrage nach innovativen Produkten und Dienstleistungen erlaubt es privaten Unternehmen, die überwiegend … staatlichen Nachfrage die privaten FuE-Ausgaben erhöht. Damit rückt die staatliche Nachfrage erneut in die Diskussion über …
Persistent link: https://www.econbiz.de/10011507505
This Article is based on the 2021 Shidler Lecture, which was delivered at the University of Washington School of Law on November 4, 2021. Through enormous public support and private initiative, biopharmaceutical firms have developed safe and effective COVID-19 vaccines in record time. These...
Persistent link: https://www.econbiz.de/10013297737