10 votes
Accepted

What fraction of new businesses die out within a year?

The Business Dynamics Statistics (BDS) of the Census provides annual measures of business dynamics (such as job creation and destruction, establishment births and deaths, and firm startups and ...
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  • 6,652
5 votes

Do patents foster innovation?

This article is from 2002, but it does a pretty good job of summarizing the pros and cons and has a section on normative decisions. Here is the abstract: In this paper, we review the economic ...
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5 votes

Market with changing number of goods and services

I think the best candidate would be monopolistic competition as introduced by Dixit and Stiglitz (1977) Monopolistic Competition and Optimum Product Diversity, in which two models are introduced. ...
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  • 3,247
3 votes

Do patents foster innovation?

There is a nice review from Petra Moser (NYU) on Patents and Innovation: Evidence from Economic History in the Journal of Economic Perspectives (2013). There is another paper on The Choice between ...
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  • 6,652
3 votes

Intellectual property as a retarder of innovation

The cuisine and fashion industries both largely exist without intellectual property protection other than trademarks (n.b., they can use copyright on certain aspects of their work but this is ...
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  • 15.9k
2 votes
Accepted

What does efficient and inefficient innovators mean?

My understanding of this chart is based on the Global Innovation Index 2015 report. Definitions are not explicit however. They compute an Innovation Efficiency Ratio as the ratio of the "Output Sub-...
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  • 6,652
2 votes

get statistics about the research intensity of an industry

Perhaps someone with more expertise on the matter can answer your question more directly, but in the mean time: In the literature on innovation, it is fairly common to use patent data to measure the ...
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  • 16.6k
2 votes

Has the ban of single-use plastics sparked innovation in biodegradable recyclable plastics?

Not sure if this question is suitable for this site but here's some (unsubstantiated by data) information and some other interesting points relating to economics behind it. Rationale of the ban is not ...
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  • 1,630
2 votes
Accepted

Would directing more money to science and research and development be an effective response to recessions?

tl;dr: R&D spending cannot stimulate economy during just by increasing long-run aggregate supply because recessions are fluctuations around the long-run aggregate supply and not necessary affected ...
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  • 41.3k
2 votes

Do patents foster innovation?

Recently, Bronwyn Hall published an NBER working paper that seems to be exactly what you need. https://www.nber.org/papers/w27203
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  • 56
1 vote

Does a free market economy sustain a greater variety of business models in any given industry?

Let's unpack the discussion into two parts: how we think of free market and business models. Free Market Economy The question is pretty clear in drawing direct comparison between free market economy ...
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  • 111
1 vote

Does a free market economy sustain a greater variety of business models in any given industry?

I do not believe there is any direct econometric evidence because nowadays, aside from the North Korea, there are almost no centrally planned economies left. Furthermore, there are no straightforward ...
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  • 41.3k
1 vote
Accepted

Drug pricing, amount of sales and R&D costs

The previous +1 answer gives the correct economic mechanism but let me give you some case specific answer here. First of all there actually already is another drug that targets the same disease called ...
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  • 41.3k
1 vote

SIR Model and Information/ Innovation Economics

I'm not familiar with this area, so I can't tell you what are the seminal works, etc., but a quick search finds Gurley & Johnson (2017) "Viral economics: an epidemiological model of knowledge ...
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  • 3,730
1 vote

Insect farming as future of protein nutrition: reality check

Currently, the problem lies in the genetic selection to make insects suitable for mass processing. Let's compare this to chicken farming Human society already select chicken that will grow lots of ...
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  • 381
1 vote

How product leaks before announcements affect a company economically?

Opinion If the leak is close to a release date, I would say most of these are made on purpose, to feed expectations, leading to greater attention and publicity (and sales). I don't see how this can ...
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  • 8,437
1 vote

Meaning of innovation in the wealth creation process

The extra benefit to you, beyond what you pay for your iPhone and for your Netflix subscription, is called consumer surplus and in theory this could be aggregated across all consumers who take ...
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  • 4,694

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