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Questions tagged [innovation]

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1answer
13 views

Will BRICS countries be the leading innovation countries 20 years from now? [on hold]

I wonder about the question given in the title. What could be arguments against this statement? Considering China and Russia: Both countries have an authoritarian political system. I claim - and ...
1
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1answer
65 views

Insect farming as future of protein nutrition: reality check

Currently, about 2bn people consume insects, so there must be a scaled industry already as well. Then, you can buy cricket powder at roughly $100/kg. Now my concern is: if this is already a common ...
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0answers
4 views

How would the innovation curve and market design change because of AI generated/ assisted IP

How would the IP market change if AI generated/ assisted IP (Patents) are allowed. As of now, Copyrights do not permit non-human authorship and Patent law is silent about such cases. I want to ...
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0answers
17 views

Model of sales of a new product

I am looking for any popular model to calculate sales of a new product under the assumption that some goodnesses of the product are given. For example, the novelty $N$ and usefulness $U$ of a new ...
1
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1answer
22 views

How product leaks before announcements affect a company economically?

It happens specially for well known companies (e.g. Apple, Garmin, etc.) that some features of their products leaks into the media before the announcement. I was wondering what are the economical ...
5
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0answers
139 views

Why are inventions inevitably correlated with imperfect competition?

Romer (1990) elaborates the incompatibility of nonrival inputs with constant returns to scale: If a production function depends on rival and nonrival inputs and both inputs are productive, then the ...
0
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1answer
97 views

Meaning of innovation in the wealth creation process

Is there a formal definition or measure of wealth that captures the notion that with improving technology "life gets better"? A stupid example of what I mean would be the invention of the iPhone. I ...
1
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0answers
74 views

Find the standard deviation of a log-normal AR1-process with exponent

I am trying to replicate a RBC model with technology shock $\log(z_{t+1})=\rho \log(z_t)+\epsilon_{t+1} \ $ with $\epsilon_t \sim$ i.i.d.$ \mathcal{N}(0,\sigma^2)$ and $0 < \rho < 1$ The ...
2
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1answer
315 views

What does efficient and inefficient innovators mean?

I have been reading through this article about Innovation Indexes. In this, I have come across the terms: "Efficient Innovators" and "Inefficient Innovators" in this plot: So, what do they mean? ...
6
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2answers
76 views

What fraction of new businesses die out within a year?

Is there a simple way to figure out how many new businesses appear and disappear each year in the US economy? It seems a key question to figure out how the economy is changing over time, although I ...
4
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1answer
48 views

get statistics about the research intensity of an industry

I want to know how much research is conducted in an industry in order to be able to say Industry X is more research intense than Industry Y. For industry categorization I use the NACE classificiation....
4
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0answers
84 views

How does Schumpeter's view of capitalism's demise fit in with the importance he placed on innovation?

Schumpeter is widely remembered for his belief in the power of innovation and entrepreneurship within a capitalist framework. In fact he argues that capitalism owes much of its success to this. Yet, ...
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1answer
66 views

Intellectual property as a retarder of innovation

I am aware of some work such as O'Donoghue (1998): "A Patentability Requirement for Sequential Innovation", RAND Journal of Economics and Hunt (1999): "Nonobviousness and the incentive to ...