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To Starve or to Stoke? : Understanding Whether Divestment vs. Investment Can Steer (Green) Innovation
Pless, Jacquelyn - National Bureau of Economic Research - 2023
decomposing them and using alternative approaches to measuring environmental performance can improve investment, strategy, and … 16 pollution-intensive sectors are on track for meeting the Paris Agreement emissions targets ("carbon performance"). I … find no correlation between carbon performance and the most basic practices, like disclosing emissions, but a positive …
Persistent link: https://www.econbiz.de/10014226139
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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
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Research and/or Development? Financial Frictions and Innovation Investment
Mezzanotti, Filippo; Simcoe, Timothy S. - National Bureau of Economic Research - 2023
Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that disaggregates "R" from "D" to study how US firms...
Persistent link: https://www.econbiz.de/10014337755
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Centralization and Organization Reproduction : Ethnic Innovation in R&D Centers and Satellite Locations
Kerr, William R. - National Bureau of Economic Research - 2023
firm exhibits a hands-on approach to the satellite facility, such as cross-facility team collaboration or internal talent …
Persistent link: https://www.econbiz.de/10014372481
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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
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Mapping the Knowledge Space : Exploiting Unassisted Machine Learning Tools
Teodoridis, Florenta; Lu, Jino; Furman, Jeffrey L. - National Bureau of Economic Research - 2022
Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation. Progress on this topic has been inhibited by difficulties in measuring distance and movement in knowledge space. We describe a methodology that infers the mapping of the...
Persistent link: https://www.econbiz.de/10013435165
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Gender Differences in Response to Competitive Organization? Differences Across Fields from a Product Development Platform Field Experiment
Boudreau, Kevin; Kaushik, Nilam - National Bureau of Economic Research - 2022
males and could be more inclined towards collaboration, instead. Were these findings to generalize to adults across the …
Persistent link: https://www.econbiz.de/10013210090
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Evaluation and Learning in R&D Investment
Frankel, Alex; Krieger, Joshua L.; Li, Danielle; … - National Bureau of Economic Research - 2023
We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...
Persistent link: https://www.econbiz.de/10014287391
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Invention Value, Inventive Capability and the Large Firm Advantage
Arora, Ashish; Cohen, Wesley M.; Lee, Honggi; … - National Bureau of Economic Research - 2022
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
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Of Academics and Creative Destruction : Startup Advantage in the Process of Innovation
Kolev, Julian; Haughey, Alexis; Murray, Fiona E. S.; … - National Bureau of Economic Research - 2022
-sector incumbents. We develop a simple model of startup advantage based on private information held by the initial inventor, and …
Persistent link: https://www.econbiz.de/10013362016