This paper presents a revealed preference method for calculating a lower bound on the virtual or reservation price of a new good and suggests a way to improve these bounds by using budget expansion paths. This allows the calculation of cost-of-living and price indices when the number of goods...

The hypothesis of induced innovation is tested for U.S. agriculture using a high-quality state-level panel data set and three disparate testing techniques time series, direct econometric, and nonparametric. We find little support for the hypothesis. That conclusion is robust across testing...

Using the US states plus the District of Columbia, output-oriented innovative efficiency scores are computed using data envelope analysis (DEA) where total patent counts serve as the measure of innovative output and industry and academic research and development expenditures, and numbers of...

This paper deals with the relationship between knowledge, innovation and regional growth. The study is carried out through the application of nonparametric estimation methods to European data at NUTS2 level. We provide evidence that the share of innovative ...firms plays a more relevant role in...