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two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …
Persistent link: https://www.econbiz.de/10012481599
In this chapter, I discuss innovation and entrepreneurship in residential real estate and construction (housing). Based … major innovation trends in housing: the growth of the internet as a tool for housing search, and the development of home … comparison to residential real estate, there appears to have been less recent innovation in residential construction. In many …
Persistent link: https://www.econbiz.de/10012482066
Investment in intangible capital--in particular, research and development--increased dramatically since the 1990s. However, productivity growth remains sluggish in recent years. One potential reason is that a significant share of the increase in intangible investment is geared toward consumer...
Persistent link: https://www.econbiz.de/10012482573
The rapid spread of the COVID-19 pandemic and subsequent countermeasures, such as school closures, the shift to working from home, and social distancing are disrupting economic activity around the world. As with other major economic shocks, there are winners and losers, leading to increased...
Persistent link: https://www.econbiz.de/10012482578
The recruitment of foreign scientists enhances US science through an expanded workforce but could also cause harm by displacing better connected domestic scientists, thereby reducing localized knowledge spillovers. We develop a model in which a sufficient condition for the absence of overall...
Persistent link: https://www.econbiz.de/10012453197
Crowdfunding may provide much-needed financial resources, yet there is little systematic evidence on the potential of crowdfunding for scientific research. We first briefly review prior research on crowdfunding and give an overview of dedicated platforms for crowdfunding research. We then...
Persistent link: https://www.econbiz.de/10012453312
We study a dynamic model of the decision to continue or abandon a research project. Researchers improve their ideas over time and also learn whether those ideas will be adopted by the scientific community. Projects are abandoned as researchers grow more pessimistic about their chance of success....
Persistent link: https://www.econbiz.de/10012453356
We summarize existing empirical findings regarding the adoption of robotics and AI and its effects on aggregated labor and productivity, and argue for more systematic collection of the use of these technologies at the firm level. Existing empirical work primarily uses statistics aggregated by...
Persistent link: https://www.econbiz.de/10012453474
Police use of force - particularly lethal force - is one of the most divisive issues of the twenty-first century. To understand the nexus of race, criminal justice, and police brutality, academics and journalists have begun to amass impressive datasets on Officer-Involved-Shootings (OIS). I...
Persistent link: https://www.econbiz.de/10012453475
Precision medicines - therapies that rely on the use of genetic, epigenetic, and protein biomarkers - create a better match between patients with specific disease subtypes and medications that are more effective for those patients. This heterogeneity in response has implications for the decision...
Persistent link: https://www.econbiz.de/10012453687