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Essays on Economics of Innovation.

Lemus, Jorge.

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Essays on Economics of Innovation.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on Economics of Innovation./
Author:	Lemus, Jorge.
Description:	229 p.
Notes:	Source: Dissertation Abstracts International, Volume: 77-05(E), Section: A.
Contained By:	Dissertation Abstracts International77-05A(E).
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3741333
ISBN:	9781339336138

Essays on Economics of Innovation.
Lemus, Jorge.

Essays on Economics of Innovation. - 229 p.

Source: Dissertation Abstracts International, Volume: 77-05(E), Section: A.

Thesis (Ph.D.)--Northwestern University, 2015.

Innovation and technological change is an important component of economic growth. The patent system provides economic incentives that affect the rate and direction of innovation. The institutional constraints imposed by the patent system have created new profit opportunities, which have been captured by firms adopting new business models, and their effect on innovation has been controversial.

ISBN: 9781339336138Subjects--Topical Terms:

1556984
Economic theory.

Essays on Economics of Innovation.
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020 $a 9781339336138
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100 1 $a Lemus, Jorge. $3 3277989
245 1 0 $a Essays on Economics of Innovation.
300 $a 229 p.
500 $a Source: Dissertation Abstracts International, Volume: 77-05(E), Section: A.
500 $a Advisers: William Rogerson; Michael D. Whinston.
502 $a Thesis (Ph.D.)--Northwestern University, 2015.
520 $a Innovation and technological change is an important component of economic growth. The patent system provides economic incentives that affect the rate and direction of innovation. The institutional constraints imposed by the patent system have created new profit opportunities, which have been captured by firms adopting new business models, and their effect on innovation has been controversial.
520 $a Chapter 1 studies a new business model which consist on monetize patents through Patent Assertion Entities (PAEs). The strategic advantage of PAEs comes from the ability to fend off counter-suits. This chapter develops a model to identify channels through which outsourcing patent enforcement to PAEs ("privateering") affects the innovation incentives of operating companies.
520 $a Chapter 2 presents a general and tractable model of the direction of innovation. Competition leads R&D performing firms to pursue inefficient research lines, both because firms "race" toward relatively easy projects and because firms do not properly account for the social value of extending their initial discoveries. This chapter shows that patents and prizes do not necessarily improve on laissez faire in terms of directional incentives, and it is impossible to implement directional efficiency with any policy that does not condition on the properties of off-equilibrium-path discoveries.
520 $a Chapter 3 extends the Tullock-contest model by allowing effort accumulation, arbitrary prizes and cost of effort, and variable carryover rate. This chapter shows conditions that determine the equilibrium trade-off between competition and cost savings and contrasts the results with standard sequential contests.
520 $a Chapter 4 presents an empirical setting that allows us to quantify the uncertainty of novel research, by constructing a dataset consisting of a large number of important conferences in computer science. Using citation rankings for "best paper" and "classic paper" awards, we build ex-ante and ex-post measures of uncertainty, respectively. Papers chosen ex-ante as "best papers" rank, on average, at the 75th percentile of the distribution of citations. Ex-post, when papers are judged 10 years after their publication, "classic paper" awards ranks at the 95th percentile of the distribution of citations.
590 $a School code: 0163.
650 4 $a Economic theory. $3 1556984
650 4 $a Intellectual property. $3 572975
650 4 $a Economics. $3 517137
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710 2 $a Northwestern University. $b Economics. $3 1020895
773 0 $t Dissertation Abstracts International $g 77-05A(E).
790 $a 0163
791 $a Ph.D.
792 $a 2015
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3741333