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Measuring the Commercial Potential of Science

Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024

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

Five Facts You Need to Know About Technology Diffusion

Comin, Diego - 2006

This paper presents a new data set on the diffusion of about 115 technologies in over 150 countries over the last 200 years. We use this comprehensive data set to uncover general patterns of technology diffusion. Our main 5 findings are as follows: (i) Once the intensive margin is measured,...

Persistent link: https://www.econbiz.de/10012466743

Catching-Up to Foreign Technology? Evidence on the "Veblen-Gerschenkron" Effect of Foreign Investments

Peri, Giovanni - 2004

The presence of foreign multinational enterprises may benefit local economies. In particular, highly productive foreign-owned firms may promote technological catch-up of local firms. Such channel of spillovers is defined as "Veblen-Geschenkron" effect of Foreign Direct Investments and is...

Persistent link: https://www.econbiz.de/10012467794

The Economic Consequences of the 1953 London Debt Agreement

Galofré-Vilà, Gregori - 2016

West Germany's external debt and create a series of favourable debt repayment conditions. The London Debt Agreement (LDA …) correlated with West Germany experiencing the highest rate of economic growth recorded in Europe in the 1950s and 1960s. In this … indication of default risk, dropped substantially in West Germany when LDA negotiations began in 1951 and then stabilised at …

Persistent link: https://www.econbiz.de/10012456122

Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls

Kalemli-Ozcan, Sebnem - 2010

fluctuations in rainfall to capture the exogenous variation in trade between Germany, France, the U.K., and the Ottoman Empire …

Persistent link: https://www.econbiz.de/10012462618

Data Gaps and the Policy Response to the Novel Coronavirus

Stock, James H. - 2020

This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...

Persistent link: https://www.econbiz.de/10012482082

Ending Pay for PBM Performance : Consequences for Prescription Drug Prices, Utilization, and Government Spending

Mulligan, Casey B. - National Bureau of Economic Research - 2023

Proposed "delinking" legislation would prohibit Pharmacy Benefit Managers (PBMs) from being remunerated based on the rebates and discounts they negotiate for drug insurance plans serving Medicare beneficiaries. This policy would significantly change drug pricing and utilization and shift...

Persistent link: https://www.econbiz.de/10014372424

Trade-ins and Transaction Costs in the Market for Used Business Jets

Hodgson, Charles - National Bureau of Economic Research - 2022

Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. In this paper, I investigate the equilibrium...

Persistent link: https://www.econbiz.de/10013388853

The Value of Pharmacy Benefit Management

Mulligan, Casey B. - National Bureau of Economic Research - 2022

In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and patient utilization if the market had a mechanism for two-part pricing (Oi 1971) or quantity commitments (Murphy, Snyder, and Topel 2014). In fact, patent expiration has little...

Persistent link: https://www.econbiz.de/10013334448

Liquidity, Financial Centrality, and the Value of Key Players

Chandrasekhar, Arun G.; Townsend, Robert M.; Xandri, … - National Bureau of Economic Research - 2022

Consider an economy in which agents face income risk but interact in a stochastic financial network where the randomness is dictated by both chance and choice. We study the financial centrality of an agent defined as the ex-ante marginal social value of providing a small liquid asset to that...

Persistent link: https://www.econbiz.de/10013334487