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Expected Profits and The Scientific Novelty of Innovation

Dranove, David - 2020

Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …

Persistent link: https://www.econbiz.de/10012481677

Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

Persistent link: https://www.econbiz.de/10012457764

Techies and Firm Level Productivity

Harrigan, James; Reshef, Ariell; Toubal, Farid - National Bureau of Economic Research - 2023

-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion within firms. Using …

Persistent link: https://www.econbiz.de/10014322729

The NBER Orange Book Dataset : A User's Guide

Durvasula, Maya; Hemphill, C. Scott; Ouellette, Lisa … - National Bureau of Economic Research - 2022

This paper introduces a newly digitized, open-access version of the Food and Drug Administration's "Orange Book"--a linkage between approved small-molecule drugs and the patents that protect them. The Orange Book also reports any applicable regulatory exclusivity that prevents competitive entry....

Persistent link: https://www.econbiz.de/10013462677

International R&D Spillovers : A Re-Examination

Lichtenberg, Frank - 1996

Coe and Helpman(1995) have measured the extent to which technology spills over between industrialized countries through the particular channel of trade flows. This paper re-examines two particular features of their study. First, we suggest that their functional form of how foreign R&D affects...

Persistent link: https://www.econbiz.de/10012473174

The Role of Assets In Place : Loss of Market Exclusivity and Investment

Higgins, Matthew J. - 2020

We utilize a novel identification strategy to analyze the impact of assets in place on firms' decisions for future projects. We exploit the context in the pharmaceutical industry, where the loss of market exclusivity for a branded drug can be used to separate the impact of cash flows generated...

Persistent link: https://www.econbiz.de/10012481442

From Imitation to Innovation : Where Is all that Chinese R&D Going?

König, Michael - 2020

two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …

Persistent link: https://www.econbiz.de/10012481599

Private and Social Returns to R&D : Drug Development and Demographics

Benmelech, Efraim; Eberly, Janice C.; Krieger, Joshua L.; … - National Bureau of Economic Research - 2021

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

Learning When to Quit : An Empirical Model of Experimentation

Ganglmair, Bernhard - 2018

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

Are Ideas Getting Harder to Find?

Bloom, Nicholas - 2017

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...

Persistent link: https://www.econbiz.de/10012453929