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Saul Lach, Zvika Neeman and Mark Schankerman
We study how to design an optimal government loan program for risky R&D projects with positive externalities. With adverse selection, the optimal government contract involves a high interest rate but nearly zero co-finan...Read more...
26 August 2020
V A Hajivassiliou, Frédérique Savignac and Frédérique Savignac
We develop novel methods for establishing coherency conditions in Static and Dynamic Limited Dependent Variables (LDV) Models. We propose estimation strategies based on Conditional Maximum Likelihood Estimation for simul...Read more...
5 November 2019
This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits t...Read more...
27 November 2015
Sharon Belenzon and Mark Schankerman
This paper studies the role of intrinsic motivation, reputation and reciprocity in driving open source software innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to ...Read more...
Yingyi Qian, Gerard Roland and Chenggang Xu
We model the coordination of specialised tasks inside an organisation as 'attribute matching'. Using this method, we compare the performance of organisational forms (M-form and U-form) in implementing changes such as inn...Read more...