Found 408 article(s) in category 'Innovation'

Identifiable Service Provider Effect: When Guilt Undermines Consumer Willingness To Buy Time

Identifiable Service Provider Effect: When Guilt Undermines Consumer Willingness To Buy Time. Ashley Whillans, 2018, Paper, “In 2011, Time Magazine rated the sharing economy as one of the top 10 ideas that would change the world. Today, the possibility of outsourcing just about anything from grocery shopping, to dog walking, to standing in line for the latest iPhone is only a few clicks away. Companies such as TaskRabbit and Hello Alfred enable customers to outsource nearly any household chore by connecting people who need tasks done with people who have time to do them. With the growing popularity of the sharing economy, it has never been easier for consumers to outsource their most dreaded tasks to others. Yet, despite the rise of the sharing economy, very little is known about when individuals decide to ‘buy time.’Link

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Smaller Grocery Stores Might Be Making A Comeback

Smaller Grocery Stores Might Be Making A Comeback. Nancy Koehn, August 2, 2018, Audio, “Despite Amazon’s purchase of Whole Foods, not all grocery chains are going bigger. In fact, new players in the industry are going small. Harvard historian Nancy Koehn joined Boston Public Radio today to talk about how the decline of traditional groceries stores has led to a rise in a atypical models.Link

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Nobel perspectives: Professor Oliver Hart

Nobel perspectives: Professor Oliver Hart. Oliver Hart, July 29, 2018, Audio, “To help address the big questions that shape our world, UBS has sought out a number of Nobel Laureates in the economic sciences to ask them to share insights, discuss their research and open their inquiring minds. This week we’re hearing from Oliver Hart, the Andrew E Furer Professor of Economics at Harvard University, and 2016 Nobel prize recipient. Hart discusses his recent focus on the theme of corporate social responsibility and how this fits in to his life’s work on the theory of the firm and contract theoryLink

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Some Facts of High-Tech Patenting

Some Facts of High-Tech Patenting. Josh Lerner, July 2018, Paper, “Patenting in software, cloud computing, and artificial intelligence has grown rapidly in recent years. Such patents are acquired primarily by large US technology firms such as IBM, Microsoft, Google, and HP, as well as by Japanese multinationals such as Sony, Canon, and Fujitsu. Chinese patenting in the US is small but growing rapidly, and world-leading for drone technology. Patenting in machine learning has seen exponential growth since 2010, although patenting in neural networks saw a strong burst of activity in the 1990s that has only recently been surpassed.Link

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How Does Product Liability Risk Affect Innovation? Evidence from Medical Implants

How Does Product Liability Risk Affect Innovation? Evidence from Medical Implants. Hong Luo, July 2, 2018, Paper, “Liability laws designed to compensate for harms caused by defective products may also affect innovation incentives. This paper examines this issue, exploiting a major quasi-exogenous increase in liability risk faced by US suppliers of polymers used to manufacture medical devices implanted in human bodies. Difference-in-differences analyses suggest that the surge in liability risk had a large and negative impact on downstream innovation in medical implants but no significant effect on upstream polymer patenting. These findings show how tort laws may affect the development of new technologies and how liability risk may percolate through an industry’s vertical chain.Link

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Firm Learning and Market Equilibrium

Firm Learning and Market Equilibrium. Ariel Pakes, 2018, Paper, “One goal of the field of industrial organization is to predict the response of markets to environmental or policy changes. A market, for our purposes, is a collection of firms that produce and sell competing products or services. Since the consequence of, say, a price change by a given firm depends on the prices of competing firms, realism requires analyzing these changes in the interacting agent frameworks supplied to us by our game theory colleagues. If a firm had set a profit maximizing price before an environmental change, that price was unlikely to be optimal after, say, a tariff or merger induced a price change by a competitor. It is important to take account of the price adjustments that followed the initial price change.Link

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Does the West Want What Technology Wants?

Does the West Want What Technology Wants? Ricardo Hausmann, June 27 2018, Opinion, “In a world where technological progress promises large benefits, the capacity to supply the necessary conditions may determine which economies are positioned for success, and which are bound to go the way of the Spanish, Portuguese, or Ottoman Empires. That should worry today’s West more than it worries China.Link

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Innovation contest: Effect of perceived support for learning on participation

Innovation contest: Effect of perceived support for learning on participation. Karim Lakhani, June 27, 2018, Paper, “Frontline staff are well positioned to conceive improvement opportunities based on first-hand knowledge of what works and does not work. The innovation contest may be a relevant and useful vehicle to elicit staff ideas. However, the success of the contest likely depends on perceived organizational support for learning; when staff believe that support for learning-oriented culture, practices, and leadership is low, they may be less willing or able to share ideas.We examined how staff perception of organizational support for learning affected contest participation, which comprised ideation and evaluation of submitted ideas.Link

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A Computational Framework for Analyzing Dynamic Procurement Auctions: The Market Impact of Information Sharing

A Computational Framework for Analyzing Dynamic Procurement Auctions: The Market Impact of Information Sharing. Ariel Pakes, June 20, 2018, Paper, “This paper develops a computational framework to analyze dynamic auctions. We modify the Experience Based Equilibrium concept to account for dynamic auctions and add, and then operationalize a boundary consistent condition which mitigates the extent of multiple equilibria that can arise in Experience Based Equilibria. Our example shows that allowing for the dynamics implicit in many auction environments is important in that it enables the emergence of equilibrium states that can only be reached when firms are responding to dynamic incentives. It also shows that the impact of information sharing can depend crucially on the extent of dynamics and suggests that information sharing, even of strategically important data, need not be anti-competitive.Link

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