Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Business (4)
- Economics (4)
- Asian Studies (2)
- International and Area Studies (2)
- Law (2)
-
- Public Affairs, Public Policy and Public Administration (2)
- Technology and Innovation (2)
- Administrative Law (1)
- Animal Law (1)
- Biodiversity (1)
- Climate (1)
- Education (1)
- Energy Policy (1)
- Energy and Utilities Law (1)
- Environmental Law (1)
- Environmental Policy (1)
- Environmental Sciences (1)
- Forest Management (1)
- Forest Sciences (1)
- Growth and Development (1)
- Intellectual Property Law (1)
- Jurisprudence (1)
- Land Use Law (1)
- Law and Economics (1)
- Life Sciences (1)
- Natural Resources Law (1)
- Natural Resources Management and Policy (1)
- Natural Resources and Conservation (1)
- Oceanography and Atmospheric Sciences and Meteorology (1)
- Institution
Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Competitive Experimentation With Private Information, Giuseppe Moscarini, Francesco Squintani
Competitive Experimentation With Private Information, Giuseppe Moscarini, Francesco Squintani
Cowles Foundation Discussion Papers
We study a winner-take-all R&D race where firms are privately informed about the uncertain arrival rate of the invention. Due to the interdependent-value nature of the problem, the equilibrium displays a strong herding effect that distinguishes our framework from war-of-attrition models. Nonetheless, equilibrium expenditure in R&D is sub-optimal when the planner is sufficiently impatient. Pessimistic firms prematurely exit the race, so that the expected discounted amount of R&D activity is inefficiently low. This result stands in contrast to the overinvestment in research that is typical of winner-take-all R&D races without private information. We conclude that secrecy in R&D inefficiently slows …
The Making Of An Innovator, Hian Teck Hoon
The Making Of An Innovator, Hian Teck Hoon
Research Collection School Of Economics
Innovators experiment with things to come up with new ideas to improve the quality of existing products, develop differentiated or new products and re-organise business processes to lower costs. In a big corporation, there might be a whole R&D department where innovators are employed to design new blueprints so the company can constantly make new offerings. But innovators can also be found in small enterprises tinkering with recipes, for example, to win new customers. Innovators no doubt derive pleasure from their creative work. Yet, in modern economies, they must be employed in a firm that successfully translates their innovative activity …
Wine Clusters Equal Export Success, D. K. Aylward
Wine Clusters Equal Export Success, D. K. Aylward
Faculty of Commerce - Papers (Archive)
The export success of the Australian wine industry continues to gain momentum. As this phenomenon becomes increasingly apparent, more and more studies are focusing on the association between levels of export intensity among firms within a wine cluster as opposed to those in non-cluster environments. The general claim is that clusters provide highly productive environments that encourage greater export awareness among firms, create conditions more conducive to international marketing, provide greater brand awareness and thereby facilitate increased levels of export activity. The author has recently completed a number of studies that, at least in the Australian context, substantiate these claims. …
Slides: Pinedale Anticline Project Area: The Adaptive Management Process, Prill Mecham
Slides: Pinedale Anticline Project Area: The Adaptive Management Process, Prill Mecham
Best Management Practices and Adaptive Management in Oil and Gas Development (May 12-13)
Presenter: Prill Mecham, Pinedale BLM Field Manager
35 slides
From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang
From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang
Research Collection School Of Economics
The Singapore economy is going through a period of major restructuring. Economic stagnation since the 1997 Asia financial crisis (except for a brief recovery in 1999) has called into question the continued relevance of many fundamental policies that had worked well in the past. In 2002, a high-level Economic Review Committee (ERC) was convened by the government to chart new directions for the economy. A common thread that ran through the committee’s various reports was a call to enhance the economy’s innovative capacity, with the aim of making Singapore an innovation hub in the region. The call reflects an increased …
Schumpeterian Profits In The American Economy: Theory And Measurement, William D. Nordhaus
Schumpeterian Profits In The American Economy: Theory And Measurement, William D. Nordhaus
Cowles Foundation Discussion Papers
The present study examines the importance of Schumpeterian profits in the United States economy. Schumpeterian profits are defined as those profits that arise when firms are able to appropriate the returns from innovative activity. We first show the underlying equations for Schumpeterian profits. We then estimate the value of these profits for the non-farm business economy. We conclude that only a miniscule fraction of the social returns from technological advances over the 1948-2001 period was captured by producers, indicating that most of the benefits of technological change are passed on to consumers rather than captured by producers.
Kalamazoo County: Looking To Our Past For The Future, George A. Erickcek
Kalamazoo County: Looking To Our Past For The Future, George A. Erickcek
Reports
No abstract provided.
Innovation Heterogeneity And Schumpeterian Growth Models, Eduardo Pol, P. Carroll
Innovation Heterogeneity And Schumpeterian Growth Models, Eduardo Pol, P. Carroll
Faculty of Commerce - Papers (Archive)
Innovation heterogeneity refers to two empirical facts: economic sectors vary according to sources and rates of innovation, and innovations vary in terms of the magnitude of their economic impact. The central focus of this paper is the problem of scale effects in the Schumpeterian growth models. Although these models make endogenous the production of innovations, they assume not only an oversimplified pattern of sectoral innovation but also that major innovations are virtually indistinguishable from minor innovations. The main claim of the a er is that without a theoretical framework revolving around both the existence of realistic sectoral patterns of innovation …
Of Patents And Path Dependency: A Comment On Burk And Lemley, R. Polk Wagner
Of Patents And Path Dependency: A Comment On Burk And Lemley, R. Polk Wagner
All Faculty Scholarship
This Article delves into issues surrounding the relationship between technology and the patent law. Responding to Dan Burk and Mark Lemley's earlier article, Is Patent Law Technology-Specific?, the piece notes that the basic question posed by Burk and Lemley's article is a relatively easy question given the several doctrines that explicitly link the subject matter context of an invention to the validity and scope of related patents. This sort of technological exceptionalism (which this Article refers to as micro-exceptionalism) is both observable and easily justifiable for a legal regime directed to technology policy. In contrast, Burk and Lemley's identification of, …