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Wages and Human Capital in the U.S. Financial Industry: 1909-2006

PHILIPPON, Thomas; Reshef, Ariell - National Bureau of Economic Research (NBER) - 2009

We use detailed information about wages, education and occupations to shed light on the evolution of the U.S. financial …

Persistent link: https://www.econbiz.de/10005718567

What Makes Them Tick? Employee Motives and Firm Innovation

Sauermann, Henry; Cohen, Wesley M. - National Bureau of Economic Research (NBER) - 2008

We examine the impact of individual-level motives upon innovative effort and performance in firms. Drawing from economics and social psychology, we develop a model of the impact of individuals' motives and incentives upon their innovative effort and performance. Using data on over 11,000...

Persistent link: https://www.econbiz.de/10005720889

Do Patent Pools Encourage Innovation? Evidence from the 19th-Century Sewing Machine Industry

Moser, Petra; Lampe, Ryan L. - National Bureau of Economic Research (NBER) - 2009

Members of a patent pool agree to use a set of patents as if they were jointly owned by all members and license them as a package to other firms. Regulators favor pools as a means to encourage innovation: Pools are expected to reduce litigation risks for their members and lower license fees and...

Persistent link: https://www.econbiz.de/10005025643

The Geography of Crowdfunding

Agrawal, Ajay K.; Goldfarb, Avi; Catalini, Christian - National Bureau of Economic Research (NBER) - 2011

Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...

Persistent link: https://www.econbiz.de/10008855521

Collective Intelligence and Neutral Point of View: The Case of Wikipedia

Greenstein, Shane Mitchell; Zhu, Feng - National Bureau of Economic Research (NBER) - 2012

We examine whether collective intelligence helps achieve a neutral point of view using data from a decade of Wikipedia's articles on US politics. Our null hypothesis builds on Linus' Law, often expressed as "Given enough eyeballs, all bugs are shallow." Our findings are consistent with a narrow...

Persistent link: https://www.econbiz.de/10010951239

Competing on Standards? Entrepreneurship, Intellectual Property and the Platform Paradox

Graham, Stuart J.H.; Simcoe, Timothy S.; Feldman, Maryann - National Bureau of Economic Research (NBER) - 2007

This paper studies the intellectual property strategy of firms that participate in the formal standards process. Specifically, we examine litigation rates in a sample of patents disclosed to thirteen voluntary Standard Setting Organizations (SSOs). We find that SSO patents have a relatively high...

Persistent link: https://www.econbiz.de/10005088781

The Economics of Online Postsecondary Education: MOOCs, Nonselective Education, and Highly Selective Education

Hoxby, Caroline - National Bureau of Economic Research (NBER) - 2014

I consider how online postsecondary education, including massive open online courses (MOOCs), might fit into … economically sustainable models of postsecondary education. I contrast nonselective postsecondary education (NSPE)in which … education (HSPE) in which institutions invest in students in return for repayments much later in life. The analysis suggests …

Persistent link: https://www.econbiz.de/10011119821

How Prediction Markets Can Save Event Studies

Wolfers, Justin; Zitzewitz, Eric; Snowberg, Erik - National Bureau of Economic Research (NBER) - 2011

This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions from the economic effects of party control of government to...

Persistent link: https://www.econbiz.de/10009652813

Behavioral Indifference Curves

Komlos, John - National Bureau of Economic Research (NBER) - 2014

According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...

Persistent link: https://www.econbiz.de/10010785591

It's Good to be First: Order Bias in Reading and Citing NBER Working Papers

Feenberg, Daniel; Gruber, Jonathan; Ganguli, Ina; … - National Bureau of Economic Research (NBER) - 2015

Choices are frequently made from lists where there is by necessity some ordering of options. In such situations individuals can exhibit both primacy bias towards the first option and recency bias towards the last option. We examine this phenomenon in a particularly interesting context: consumer...

Persistent link: https://www.econbiz.de/10011276426