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Technology, Monopoly, and the Decline of the Viatical Settlements Industry

Sood, Neeraj; Alpert, Abby; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2005

The viatical settlement industry provides an opportunity for terminally-ill consumers, typically HIV patients, to exploit a previously untapped source of equity in existing life insurance contracts to finance consumption and medical expenses. The 1996 introduction and dissemination of effecive...

Persistent link: https://www.econbiz.de/10005089036

The Other Ex-Ante Moral Hazard in Health

Bhattacharya, Jay; Packalen, Mikko - National Bureau of Economic Research (NBER) - 2008

an induced innovation externality. This alternative mechanism, by contrast, causes people to devote an inefficiently high … level of self-protection. As an empirical example of this externality, we analyze the innovation induced by the obesity … epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that …

Persistent link: https://www.econbiz.de/10005050326

New Ideas in Invention

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

A key decision in research is whether to try out new ideas or build on more established ideas. In this paper, we evaluate which type of work is more likely to spur further invention. When recent advances create superior opportunities for invention, their adoption as research inputs in the...

Persistent link: https://www.econbiz.de/10011159886

Cities and Ideas

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

Faster technological progress has long been considered a key potential benefit of agglomeration. Physical proximity to others may help inventors adopt new ideas in their work by increasing awareness about which new ideas exist and by enhancing understanding of the properties and usefulness of...

Persistent link: https://www.econbiz.de/10011159889

Age and the Trying Out of New Ideas

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

Older scientists are often seen as less open to new ideas than younger scientists. We put this assertion to an empirical test. Using a measure of new ideas derived from the text of nearly all biomedical scientific articles published since 1946, we compare the tendency of younger and older...

Persistent link: https://www.econbiz.de/10011159890

Words in Patents: Research Inputs and the Value of Innovativeness in Invention

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2012

Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress....

Persistent link: https://www.econbiz.de/10010821823