Tag Archives: Innovation

Do fixed patent terms distort innovation? Evidence from cancer clinical trials

A new paper from Heidi Williams, Eric Budish, and Benjamin N. Roin: ABSTRACT: Patents award innovators a fixed period of market exclusivity, e.g., 20 years in the United States. Yet, since in many industries firms file patents at the time of discovery … Continue reading

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How Much Do Wages Go Up When Profit Increases by a Dollar?

Given the interest in the rise of robots, shrinking labor shares and the owners of capital, I thought I’d highlight a Van Reenen paper that David Card suggested we read on the link between firm profitability and wages. It looks at at … Continue reading

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Why Edward Conard of Bain Capital is wrong about Inequality and Capital Income Taxation

Edward Conard, a former Managing Director at Bain Capital, has been creating quite a stir with his new book, Unintended Consequences. I haven’t had a chance to read it yet, but I’ve read this article in the NYTimes about it … Continue reading

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When the techies come to town…

The NY Times recently put out an alarmist article about the inflow of tech workers from Twitter and other startups moving into the city. While some of the concerns it raised about maintaining a vibrant and diverse neighborhood are completely … Continue reading

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