NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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NBER Papers on Productivity, Innovation, and Entrepreneurship

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2018
w25328 Frank R. Lichtenberg
The Long-run Impact of New Medical Ideas on Cancer Survival and Mortality
w25350 Ross Levine
Yona Rubinstein

Selection into Entrepreneurship and Self-Employment
w25302 Andreas Beerli
Jan Ruffner
Michael Siegenthaler
Giovanni Peri

The Abolition of Immigration Restrictions and the Performance of Firms and Workers: Evidence from Switzerland
w25321 Andrew Atkeson
Ariel Burstein
Manolis Chatzikonstantinou

Transitional Dynamics in Aggregate Models of Innovative Investment
w25295 James Harrigan
Ariell Reshef
Farid Toubal

Techies, Trade, and Skill-Biased Productivity
w25298 Karthik Muralidharan
Paul Niehaus
Sandip Sukhtankar
Jeffrey Weaver

Improving Last-Mile Service Delivery using Phone-Based Monitoring
w25259 Javier Miranda
Nikolas Zolas

Measuring the Impact of Household Innovation using Administrative Data
w25266 Bryan Kelly
Dimitris Papanikolaou
Amit Seru
Matt Taddy

Measuring Technological Innovation over the Long Run
w25271 Jorge L. Contreras
Bronwyn H. Hall
Christian Helmers

Green Technology Diffusion: A Post-Mortem Analysis of the Eco-Patent Commons
w25275 Matthias Kehrig
Nicolas Vincent

The Micro-Level Anatomy of the Labor Share Decline
w25278 Stelios Michalopoulos
Elias Papaioannou

Historical Legacies and African Development
w25252 Boyan Jovanovic
Julien Prat

Reputation Cycles and Earnings Dynamics
w25245 Patrick Kline
Neviana Petkova
Heidi Williams
Owen Zidar

Who Profits from Patents? Rent-Sharing at Innovative Firms
w25223 Lesley Chiou
Catherine Tucker

Fake News and Advertising on Social Media: A Study of the Anti-Vaccination Movement
w25227 Wolfgang Dauth
Sebastian Findeisen
Enrico Moretti
Jens Suedekum

Matching in Cities
w25228 Bettina Peters
Mark J. Roberts
Van Anh Vuong

Firm R&D Investment and Export Market Exposure
w25188 David Byrne
Carol Corrado
Daniel E. Sichel

The Rise of Cloud Computing: Minding Your P's, Q's and K's
w25189 Solomon Hsiang
Robert E. Kopp

An Economist's Guide to Climate Change Science
w25198 Edward N. Wolff
The Decline of African-American and Hispanic Wealth since the Great Recession
w25200 Daniel J. Benjamin
Errors in Probabilistic Reasoning and Judgment Biases
w25202 Yujin Kim
Chirantan Chatterjee
Matthew J. Higgins

Moving Beyond the Valley of Death: Regulation and Venture Capital Investments in Early-Stage Biopharmaceutical Firms
w25166 Jean-Etienne de Bettignies
Bulat Gainullin
Hua Fang Liu
David T. Robinson

The Effects of Downstream Competition on Upstream Innovation and Licensing
w25169 Arun G. Chandrasekhar
Benjamin Golub
He Yang

Signaling, Shame, and Silence in Social Learning
w25175 Shulamit Kahn
Megan MacGarvie

The Impact of Permanent Residency Delays for STEM PhDs: Who leaves and Why
w25183 Matthew Grennan
Charu Gupta
Mara Lederman

Firm Scope and Spillovers from New Product Innovation: Evidence from Medical Devices
w25146 Jing Cai
Yuyu Chen
Xuan Wang

The Impact of Corporate Taxes on Firm Innovation: Evidence from the Corporate Tax Collection Reform in China
w25148 Erik Brynjolfsson
Daniel Rock
Chad Syverson

The Productivity J-Curve: How Intangibles Complement General Purpose Technologies
w25119 Michael Kremer
Christopher M. Snyder

Worst-Case Bounds on R&D and Pricing Distortions: Theory with an Application Assuming Consumer Values Follow the World Income Distribution
w25120 Felix Tintelnot
Ayumu Ken Kikkawa
Magne Mogstad
Emmanuel Dhyne

Trade and Domestic Production Networks
w25135 Jason Sandvik
Richard Saouma
Nathan Seegert
Christopher Stanton

Analyzing the Aftermath of a Compensation Reduction
w25136 Ufuk Akcigit
Salomé Baslandze
Francesca Lotti

Connecting to Power: Political Connections, Innovation, and Firm Dynamics
w25093 James J. Heckman
Sidharth Moktan

Publishing and Promotion in Economics: The Tyranny of the Top Five
w25098 Lily Fang
Josh Lerner
Chaopeng Wu
Qi Zhang

Corruption, Government Subsidies, and Innovation: Evidence from China
w25112 Shai Bernstein
Emanuele Colonnelli
Davide Malacrino
Timothy McQuade

Who Creates New Firms When Local Opportunities Arise?
w25064 Susan Athey
Michael Luca

Economists (and Economics) in Tech Companies
w25065 David J. Deming
Kadeem L. Noray

STEM Careers and Technological Change
w25068 Alberto Galasso
Hong Luo

When does Product Liability Risk Chill Innovation? Evidence from Medical Implants
w25038 Emin M. Dinlersoz
Nathan Goldschlag
Amanda Myers
Nikolas Zolas

An Anatomy of U.S. Firms Seeking Trademark Registration
w25044 Pierre Mohnen
Michael Polder
George van Leeuwen

ICT, R&D and Organizational Innovation: Exploring Complementarities in Investment and Production
w25051 Ashish Arora
Wesley M. Cohen
Colleen M. Cunningham

Inventive Capabilities in the Division of Innovative Labor
w25057 Daniel P. Gross
Creativity Under Fire: The Effects of Competition on Creative Production
w24982 Ufuk Akcigit
John Grigsby
Tom Nicholas
Stefanie Stantcheva

Taxation and Innovation in the 20th Century
w24999 Christopher Blattman
Nathan Fiala
Sebastian Martinez

The Long Term Impacts of Grants on Poverty: 9-year Evidence From Uganda's Youth Opportunities Program
w25007 David Yermack
FinTech in Sub-Saharan Africa: What Has Worked Well, and What Hasn't
w25015 Meng Liu
Erik Brynjolfsson
Jason Dowlatabadi

Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis
w24952 Edward L. Glaeser
Hyunjin Kim
Michael Luca

Measuring Gentrification: Using Yelp Data to Quantify Neighborhood Change
w24957 Matthew J. Higgins
Xin Yan
Chirantan Chatterjee

Market Effects of Adverse Regulatory Events: Evidence from Drug Relabeling
w24960 Ping Wang
Tsz-Nga Wong
Chong K. Yip

Mismatch and Assimilation
w24968 Pedro Bento
Diego Restuccia

On Average Establishment Size across Sectors and Countries
w24976 Charlie Eaton
Sabrina Howell
Constantine Yannelis

When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education
w24916 Xiang Hui
Maryam Saeedi
Giancarlo Spagnolo
Steven Tadelis

Certification, Reputation and Entry: An Empirical Analysis
w24917 Erik Brynjolfsson
Xiang Hui
Meng Liu

Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform
w24941 Josh Lerner
Antoinette Schoar
Jason Mao
Nan R. Zhang

Investing Outside the Box: Evidence from Alternative Vehicles in Private Capital
w24887 Ramana Nanda
Sampsa Samila
Olav Sorenson

The Persistent Effect of Initial Success: Evidence from Venture Capital
w24901 Sharon Belenzon
Aaron Chatterji
Brendan Daley

Choosing between Growth and Glory
w24860 Mikko Packalen
Jay Bhattacharya

Does the NIH Fund Edge Science?
w24868 C. Jara Figueroa
Bogang Jun
Edward L. Glaeser
César Hidalgo

The Role of Industry, Occupation, and Location-Specific Knowledge in the Survival of New Firms
w24838 Ina Ganguli
Patrick Gaulé

Will the U.S. Keep the Best and the Brightest (as Post-docs)? Career and Location Preferences of Foreign STEM PhDs
w24839 Hal Varian
Artificial Intelligence, Economics, and Industrial Organization
w24843 Fabian Gaessler
Bronwyn H. Hall
Dietmar Harhoff

Should There Be Lower Taxes on Patent Income?
w24793 Michael Webb
Nick Short
Nicholas Bloom
Josh Lerner

Some Facts of High-Tech Patenting
w24789 Aaron Chatterji
Solène Delecourt
Sharique Hasan
Rembrand M. Koning

When Does Advice Impact Startup Performance?
w24797 Stefano DellaVigna
Structural Behavioral Economics
w24800 Chris Edmond
Virgiliu Midrigan
Daniel Yi Xu

How Costly Are Markups?
w24809 Stefano Breschi
Francesco Lissoni
Ernest Miguelez

Return Migrants' Self-selection: Evidence for Indian Inventor
w24806 Kevin A. Bryan
Joshua S. Gans

A Theory of Multihoming in Rideshare Competition
w24820 Jorge F. Balat
Nicholas W. Papageorge
Shaiza Qayyum

Positively Aware? Conflicting Expert Reviews and Demand for Medical Treatment
w24824 Gaurav Khanna
Munseob Lee

High-Skill Immigration, Innovation, and Creative Destruction
w24829 Qingnan Xie
Richard B. Freeman

Bigger Than You Thought: China's Contribution to Scientific Publications
w24768 Jan De Loecker
Jan Eeckhout

Global Market Power
w24769 Wesley M. Cohen
Henry Sauermann
Paula Stephan

Academics' Motives, Opportunity Costs and Commercial Activities Across Fields
w24774 Sabrina T. Howell
Marina Niessner
David Yermack

Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales
w24776 Mari Tanaka
Nicholas Bloom
Joel M. David
Maiko Koga

Firm Performance and Macro Forecast Accuracy
w24777 Christian Catalini
Xiang Hui

Online Syndicates and Startup Investment
w24780 Christian Catalini
Christian Fons-Rosen
Patrick Gaulé

How Do Travel Costs Shape Collaboration?
w24786 Wallace P. Mullin
Christopher M. Snyder

Revealed Growth: A Method for Bounding the Elasticity of Demand with an Application to Assessing the Antitrust Remedy in the Du Pont Decision
w24760 Nicholas Bloom
Hong Cheng
Mark Duggan
Hongbin Li
Franklin Qian

Do CEOs Know Best? Evidence from China
w24738 Greg Kaplan
Sam Schulhofer-Wohl

The Changing (Dis-)Utility of Work
w24742 Rajshree Agarwal
Serguey Braguinsky
Atsushi Ohyama

Centers of Gravity: The Effect of Stable Shared Leadership in Top Management Teams on Firm Growth and Industry Evolution
w24744 Douglas Gollin
Casper Worm Hansen
Asger Wingender

Two Blades of Grass: The Impact of the Green Revolution
w24749 Zhao Chen
Zhikuo Liu
Juan Carlos Suárez Serrato
Daniel Yi Xu

Notching R&D Investment with Corporate Income Tax Cuts in China
w24707 Lee G. Branstetter
Britta M. Glennon
J. Bradford Jensen

The IT Revolution and the Globalization of R&D
w24715 Pian Shu
Claudia Steinwender

The Impact of Trade Liberalization on Firm Productivity and Innovation
w24717 Eric Budish
The Economic Limits of Bitcoin and the Blockchain
w24718 Nicholas Bloom
Kalina Manova
John Van Reenen
Stephen Teng Sun
Zhihong Yu

Managing Trade: Evidence from China and the US
w24724 Joshua R. Bruce
John M. de Figueiredo
Brian S. Silverman

Public Contracting for Private Innovation: Government Expertise, Decision Rights, and Performance Outcomes
w24680 Sara Fisher Ellison
Christopher Snyder
Hongkai Zhang

Costs of Managerial Attention and Activity as a Source of Sticky Prices: Structural Estimates from an Online Market
w24684 David Rezza Baqaee
Emmanuel Farhi

Macroeconomics with Heterogeneous Agents and Input-Output Networks
w24674 Pierre Azoulay
Erica Fuchs
Anna Goldstein
Michael Kearney

Funding Breakthrough Research: Promises and Challenges of the "ARPA Model"
w24689 Jason Furman
Robert Seamans

AI and the Economy
w24690 Ajay K. Agrawal
Joshua S. Gans
Avi Goldfarb

Economic Policy for Artificial Intelligence
w24695 Karen Clay
Margarita Portnykh

The Short-Run and Long-Run Effects of Resources on Economic Outcomes: Evidence From the United States 1936-2015
w24660 Jeffrey L. Furman
Markus Nagler
Martin Watzinger

Disclosure and Subsequent Innovation: Evidence from the Patent Depository Library Program
w24661 Richard Hornbeck
Enrico Moretti

Who Benefits From Productivity Growth? Direct and Indirect Effects of Local TFP Growth on Wages, Rents, and Inequality
w24638 Haris Tabakovic
Thomas G. Wollmann

From Revolving Doors to Regulatory Capture? Evidence from Patent Examiners
w24657 Lin William Cong
Sabrina T. Howell

Listing Delays and Innovation: Evidence from Chinese IPOs
w24649 Austan D. Goolsbee
Peter J. Klenow

Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce
w24653 Austan Goolsbee
Public Policy in an AI Economy
w24626 Ajay K. Agrawal
Joshua S. Gans
Avi Goldfarb

Exploring the Impact of Artificial Intelligence: Prediction versus Judgment
w24622 Brian Lucking
Nicholas Bloom
John Van Reenen

Have R&D Spillovers Changed?
w24633 Laura Alfaro
Alejandro Cuñat
Harald Fadinger
Yanping Liu

The Real Exchange Rate, Innovation and Productivity: Regional Heterogeneity, Asymmetries and Hysteresis
w24590 Réka Juhász
Claudia Steinwender

Spinning the Web: The Impact of ICT on Trade in Intermediates and Technology Diffusion
w24591 Pierre Azoulay
J. Michael Wahlen
Ezra W. Zuckerman Sivan

Death of the Salesman, but not the Sales Force: Reputational Entrepreneurship and the Valuation of Scientific Achievement
w24595 Joshua L. Krieger
Danielle Li
Dimitris Papanikolaou

Developing Novel Drugs
w24603 Laura Alfaro
Nicholas Bloom
Paola Conconi
Harald Fadinger
Patrick Legros
Andrew Newman
Raffaella Sadun
John Van Reenen

Come Together: Firm Boundaries and Delegation
w24571 Iván Alfaro
Nicholas Bloom
Xiaoji Lin

The Finance Uncertainty Multiplier
w24574 Robert E. Hall
New Evidence on the Markup of Prices over Marginal Costs and the Role of Mega-Firms in the US Economy
w24577 Barton H. Hamilton
Andrés Hincapié
Robert A. Miller
Nicholas W. Papageorge

Innovation and Diffusion of Medical Treatment
w24553 Kenneth Flamm
Measuring Moore's Law: Evidence from Price, Cost, and Quality Indexes
w24546 Ashantha Ranasinghe
Diego Restuccia

Financial Frictions and the Rule of Law
w24551 Tobias Berg
Valentin Burg
Ana Gombović
Manju Puri

On the Rise of FinTechs - Credit Scoring using Digital Footprints
w24554 Robert J. Gordon
Why Has Economic Growth Slowed When Innovation Appears to be Accelerating?
w24523 Michael Ewens
Ramana Nanda
Matthew Rhodes-Kropf

Cost of Experimentation and the Evolution of Venture Capital
w24526 Carlos J. Serrano
Rosemarie Ziedonis

How Redeployable are Patent Assets? Evidence from Failed Startups
w24532 Tasso Adamopoulos
Diego Restuccia

Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data
w24525 Thomas J. Holmes
Ethan Singer

Indivisibilities in Distribution
w24536 Frank R. Lichtenberg
The Impact of New Drug Launches on Life-Years Lost in 2015 from 19 Types of Cancer in 36 Countries
w24539 Xiaofang Dong
Siqi Zheng
Matthew E. Kahn

The Role of Transportation Speed in Facilitating High Skilled Teamwork
w24541 Ajay Agrawal
John McHale
Alex Oettl

Finding Needles in Haystacks: Artificial Intelligence and Recombinant Growth
w24542 Lauren H. Cohen
Umit G. Gurun

Buying the Verdict
w24543 Ufuk Akcigit
Sina T. Ates
Giammario Impullitti

Innovation and Trade Policy in a Globalized World
w24508 Misty L. Heggeness
Donna K. Ginther
Maria I. Larenas
Frances D. Carter-Johnson

The Impact of Postdoctoral Fellowships on a Future Independent Career in Federally Funded Biomedical Research
w24512 Kevin J. Boudreau
Amateurs Crowds & Professional Entrepreneurs as Platform Complementors
w24514 Erik Brynjolfsson
Felix Eggers
Avinash Gannamaneni

Using Massive Online Choice Experiments to Measure Changes in Well-being
w24517 Ramana Nanda
Matthew Rhodes-Kropf

Coordination Frictions in Venture Capital Syndicates
w24519 Ajay Agrawal
John McHale
Alex Oettl

Does Scientist Immigration Harm US Science? An Examination of Spillovers
w24520 Anmol Bhandari
Ellen R. McGrattan

Sweat Equity in U.S. Private Business
w24489 Pierre Azoulay
Benjamin Jones
J. Daniel Kim
Javier Miranda

Age and High-Growth Entrepreneurship
w24494 Sari Pekkala Kerr
William R. Kerr

Immigrant Entrepreneurship in America: Evidence from the Survey of Business Owners 2007 & 2012
w24448 Kenny Ching
Joshua S. Gans
Scott Stern

Control Versus Execution: Endogenous Appropriability and Entrepreneurial Strategy
w24449 Iain M. Cockburn
Rebecca Henderson
Scott Stern

The Impact of Artificial Intelligence on Innovation
w24453 Lee Branstetter
Britta Glennon
J. Bradford Jensen

Knowledge Transfer Abroad: The Role of U.S. Inventors within Global R&D Networks
w24455 Kun Jiang
Wolfgang Keller
Larry D. Qiu
William Ridley

International Joint Ventures and Internal vs. External Technology Transfer: Evidence from China
w24466 Ufuk Akcigit
Santiago Caicedo
Ernest Miguelez
Stefanie Stantcheva
Valerio Sterzi

Dancing with the Stars: Innovation Through Interactions
w24426 Gilbert Cette
Jimmy Lopez
Jacques Mairesse

Rent Creation and Sharing: New Measures and Impactson TFP
w24444 Yuriy Gorodnichenko
Debora Revoltella
Jan Svejnar
Christoph T. Weiss

Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions
w24437 Daniel W. Elfenbein
Raymond Fisman
Brian McManus

Does Cheap Talk Affect Market Outcomes? Evidence from eBay
w24418 Christian Catalini
Joshua S. Gans

Initial Coin Offerings and the Value of Crypto Tokens
w24420 Lucia Foster
Cheryl Grim
John C. Haltiwanger
Zoltan Wolf

Innovation, Productivity Dispersion, and Productivity Growth
w24402 Henry Sauermann
Chiara Franzoni
Kourosh Shafi

Crowdfunding Scientific Research
w24384 Victor Couture
Benjamin Faber
Yizhen Gu
Lizhi Liu

E-Commerce Integration and Economic Development: Evidence from China
w24363 Nathan Chappell
Adam B. Jaffe

Intangible Investment and Firm Performance
w24364 Kimberly Bayard
Emin Dinlersoz
Timothy Dunne
John Haltiwanger
Javier Miranda
John Stevens

Early-Stage Business Formation: An Analysis of Applications for Employer Identification Numbers
w24370 Bronwyn H. Hall
Is There a Role for Patents in the Financing of New Innovative Firms?
w24373 Alexandr Kopytov
Nikolai Roussanov
Mathieu Taschereau-Dumouchel

Short-Run Pain, Long-Run Gain? Recessions and Technological Transformation
w24376 Nathan Chappell
Adam B. Jaffe
Trinh Le

Worker Flows, Entry and Productivity in the New Zealand Construction Industry
w24348 Carsten Fink
Bronwyn H. Hall
Christian Helmers

Intellectual Property Use in Middle Income Countries: The Case of Chile
w24349 Michael Ostrovsky
Michael Schwarz

Carpooling and the Economics of Self-Driving Cars
w24350 Ashish Arora
Andrea Fosfuri
Thomas Roende

Waiting for the Payday? The Market for Startups and the Timing of Entrepreneurial Exit
w24352 Joshua S. Gans
Self-Regulating Artificial General Intelligence
w24357 Sangmin Aum
Sang Yoon (Tim) Lee
Yongseok Shin

Computerizing Industries and Routinizing Jobs: Explaining Trends in Aggregate Productivity
w24358 Bernhard Ganglmair
Timothy Simcoe
Emanuele Tarantino

Learning When to Quit: An Empirical Model of Experimentation
w24360 Mitchell Hoffman
Steven Tadelis

People Management Skills, Employee Attrition, and Manager Rewards: An Empirical Analysis
w24361 Chiara Farronato
Andrey Fradkin

The Welfare Effects of Peer Entry in the Accommodation Market: The Case of Airbnb
w24317 Samantha Bates
John Bowers
Shane Greenstein
Jordi Weinstock
Yunhan Xu
Jonathan Zittrain

Evidence of Decreasing Internet Entropy: The Lack of Redundancy in DNS Resolution by Major Websites and Services
w24329 Emily Breza
Cynthia Kinnan

Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis
w24339 Joshua S. Graff Zivin
Elizabeth Lyons

Can Innovators be Created? Experimental Evidence from an Innovation Contest
w24301 Matt Taddy
The Technological Elements of Artificial Intelligence
w24313 Achyuta Adhvaryu
Namrata Kala
Anant Nyshadham

The Skills to Pay the Bills: Returns to On-the-job Soft Skills Training
w24302 Marc-Andreas Muendler
James E. Rauch

Do Employee Spinoffs Learn Markets From Their Parents? Evidence From International Trade
w24307 Efraim Benmelech
Nittai Bergman
Hyunseob Kim

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?
w24308 Mara Faccio
John J. McConnell

Death by Pokémon GO: The Economic and Human Cost of Using Apps While Driving
w24271 Abhijit Banerjee
Dean Karlan
Robert Darko Osei
Hannah Trachtman
Christopher Udry

Unpacking a Multi-Faceted Program to Build Sustainable Income for the Very Poor
w24272 Dean Karlan
Sendhil Mullainathan
Benjamin N. Roth

Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines
w24282 Paul R. Milgrom
Steven Tadelis

How Artificial Intelligence and Machine Learning Can Impact Market Design
w24284 Ajay K. Agrawal
Joshua S. Gans
Avi Goldfarb

Human Judgment and AI Pricing
w24288 Gaétan de Rassenfosse
Notice failure revisited: Evidence on the use of virtual patent marking
w24242 June Ma
Joshua S. Gans
Rabee Tourky

Market Structure in Bitcoin Mining
w24243 Ajay K. Agrawal
Joshua S. Gans
Avi Goldfarb

Prediction, Judgment and Complexity: A Theory of Decision Making and Artificial Intelligence
w24245 Manuel Trajtenberg
AI as the next GPT: a Political-Economy Perspective
w24249 Nicholas Bloom
Aprajit Mahajan
David McKenzie
John Roberts

Do Management Interventions Last? Evidence from India
w24254 Avi Goldfarb
Daniel Trefler

AI and International Trade
w24255 Barbara Biasi
Petra Moser

Effects of Copyrights on Science - Evidence from the US Book Republication Program
w24210 Barry Bosworth
John Bieler
Michael Kleinrock
Eric Koepcke
Ernst R. Berndt

An Evaluation of the CPI Indexes for Prescription Drugs
w24228 Eva Lyubich
Joseph S. Shapiro
Reed Walker

Regulating Mismeasured Pollution: Implications of Firm Heterogeneity for Environmental Policy
w24235 James Bessen
AI and Jobs: the role of demand
w24236 Ryan A. Decker
John C. Haltiwanger
Ron S. Jarmin
Javier Miranda

Changing Business Dynamism and Productivity: Shocks vs. Responsiveness
w24239 Robert Seamans
Manav Raj

AI, Labor, Productivity and the Need for Firm-Level Data
w24206 Michael Kremer
Christopher M. Snyder

Preventives Versus Treatments Redux: Tighter Bounds on Distortions in Innovation Incentives with an Application to the Global Demand for HIV Pharmaceuticals
w24207 Bronwyn Hall
Christian Helmers

The Impact of International Patent Systems: Evidence from Accession to the European Patent Convention
w24208 David Sraer
David Thesmar

A Sufficient Statistics Approach for Aggregating Firm-Level Experiments
w24198 Hans K. Hvide
Paul Oyer

Dinner Table Human Capital and Entrepreneurship
w24199 John Haltiwanger
Robert Kulick
Chad Syverson

Misallocation Measures: The Distortion That Ate the Residual
2017
w24159 Michael D. Frakes
Melissa F. Wasserman

Knowledge Spillovers and Learning in the Workplace: Evidence from the U.S. Patent Office
w24174 Anton Korinek
Joseph E. Stiglitz

Artificial Intelligence and Its Implications for Income Distribution and Unemployment
w24151 Robert Z. Lawrence
Recent Manufacturing Employment Growth: The Exception That Proves the Rule.
w24141 Charles R. Hulten
The Importance of Education and Skill Development for Economic Growth in the Information Era
w24142 Ming Dong
David Hirshleifer
Siew Hong Teoh

Stock Market Overvaluation, Moon Shots, and Corporate Innovation
w24118 Stefano Comino
Alberto Galasso
Clara Graziano

The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System
w24125 Daniel P. Gross
Scale versus Scope in the Diffusion of New Technology: Evidence from the Farm Tractor
w24097 Sari Pekkala Kerr
William R. Kerr
Tina Xu

Personality Traits of Entrepreneurs: A Review of Recent Literature
w24104 Vojislav Maksimovic
Gordon M. Phillips
Liu Yang

Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality
w24110 Philippe Aghion
Ufuk Akcigit
Ari Hyytinen
Otto Toivanen

The Social Origins of Inventors
w24062 Alexander M. Bell
Raj Chetty
Xavier Jaravel
Neviana Petkova
John Van Reenen

Who Becomes an Inventor in America? The Importance of Exposure to Innovation
w24080 Brian J. Asquith
Sanjana Goswami
David Neumark
Antonio Rodriguez-Lopez

U.S. Job Flows and the China Shock
w24081 John (Jianqiu) Bai
Daniel Carvalho
Gordon M. Phillips

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity
w24082 Gordon M. Phillips
Alexei Zhdanov

Venture Capital Investments and Merger and Acquisition Activity Around the World
w24085 Edward N. Wolff
Household Wealth Trends in the United States, 1962 to 2016: Has Middle Class Wealth Recovered?
w24088 Stelios Michalopoulos
Elias Papaioannou

Spatial Patterns of Development: A Meso Approach
w24053 Josh Lerner
Amit Seru

The Use and Misuse of Patent Data: Issues for Corporate Finance and Beyond
w24020 Ernst R. Berndt
Mark R. Trusheim

The Information Pharms Race and Competitive Dynamics of Precision Medicine: Insights from Game Theory
w24021 Philippe Gorry
Diego Useche

Orphan Drug Designations as Valuable Intangible Assets for IPO Investors in Pharma-Biotech Companies.
w24023 Philippe Aghion
Antonin Bergeaud
Timo Boppart
Peter J. Klenow
Huiyu Li

Missing Growth from Creative Destruction
w24026 Amitabh Chandra
Craig Garthwaite
Ariel Dora Stern

Characterizing the Drug Development Pipeline for Precision Medicines
w24034 Chaoran Chen
Diego Restuccia
Raül Santaeulàlia-Llopis

The Effects of Land Markets on Resource Allocation and Agricultural Productivity
w24035 Amitabh Chandra
Douglas O. Staiger

Identifying Sources of Inefficiency in Health Care
w24040 Emek Basker
Timothy Simcoe

Upstream, Downstream: Diffusion and Impacts of the Universal Product Code
w24010 Edward L. Glaeser
Hyunjin Kim
Michael Luca

Nowcasting the Local Economy: Using Yelp Data to Measure Economic Activity
w24011 Shai Bernstein
Timothy McQuade
Richard R. Townsend

Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession
w23987 Dominique Guellec
Caroline Paunov

Digital Innovation and the Distribution of Income
w23989 Manuel I. Hermosilla
Jorge A. Lemus

Therapeutic Translation of Genomic Science: Opportunities and limitations of GWAS
w23991 Peng Zhang
Olivier Deschenes
Kyle C. Meng
Junjie Zhang

Temperature Effects on Productivity and Factor Reallocation: Evidence from a Half Million Chinese Manufacturing Plants
w23996 Stefano DellaVigna
Matthew Gentzkow

Uniform Pricing in US Retail Chains
w24001 Erik Brynjolfsson
Daniel Rock
Chad Syverson

Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics
w23973 Richard G. Newell
Brian C. Prest

The Unconventional Oil Supply Boom: Aggregate Price Response from Microdata
w23964 Bruno Pellegrino
Luigi Zingales

Diagnosing the Italian Disease
w23970 Burak R. Uras
Ping Wang

Production Flexibility, Misallocation and Total Factor Productivity
w23979 Margarida Duarte
Diego Restuccia

Relative Prices and Sectoral Productivity
w23981 Sergey Chernenko
Josh Lerner
Yao Zeng

Mutual Funds as Venture Capitalists? Evidence from Unicorns
w23949 Christopher Hansman
Jonas Hjort
Gianmarco León
Matthieu Teachout

Vertical Integration, Supplier Behavior, and Quality Upgrading among Exporters
w23955 Sandra Barbosu
Joshua Gans

Storm Crowds: Evidence from Zooniverse on Crowd Contribution Design
w23928 Philippe Aghion
Benjamin F. Jones
Charles I. Jones

Artificial Intelligence and Economic Growth
w23935 Gaetano Basso
Giovanni Peri
Ahmed Rahman

Computerization and Immigration: Theory and Evidence from the United States
w23895 William Gornall
Ilya A. Strebulaev

Squaring Venture Capital Valuations with Reality
w23900 Kristopher J. Hult
Measuring the Potential Health Impact of Personalized Medicine: Evidence from MS Treatments
w23902 Anna Maria Mayda
Francesc Ortega
Giovanni Peri
Kevin Shih
Chad Sparber

The Effect of the H-1B Quota on Employment and Selection of Foreign-Born Labor
w23908 Fiona Burlig
Christopher Knittel
David Rapson
Mar Reguant
Catherine Wolfram

Machine Learning from Schools about Energy Efficiency
w23913 Cesare Righi
Timothy Simcoe

Patent Examiner Specialization
w23874 Sabrina T. Howell
Are New Venture Competitions Useful?
w23880 Nicholas Bloom
Renata Lemos
Raffaella Sadun
John Van Reenen

Healthy Business? Managerial Education and Management in Healthcare
w23857 Mark Brown
Shon M. Ferguson
Crina Viju

Agricultural Trade Reform, Reallocation and Technical Change: Evidence from the Canadian Prairies
w23808 Lee Branstetter
Neil Gandal
Nadav Kuniesky

Network-Mediated Knowledge Spillovers: A Cross-Country Comparative Analysis of Information Security Innovations
w23815 Lesley Chiou
Catherine Tucker

Search Engines and Data Retention: Implications for Privacy and Antitrust
w23831 Richard T. Thakor
Andrew W. Lo

Optimal Financing for R&D-Intensive Firms
w23832 Steven N. Kaplan
Morten Sorensen

Are CEOs Different? Characteristics of Top Managers
w23775 Jean-Pierre Dubé
Sanjog Misra

Scalable Price Targeting
w23777 Enghin Atalay
Ali Hortaçsu
Mary Jialin Li
Chad Syverson

How Wide Is the Firm Border?
w23782 Nicholas Bloom
Charles I. Jones
John Van Reenen
Michael Webb

Are Ideas Getting Harder to Find?
w23798 Bruce Carlin
Arna Olafsson
Michaela Pagel

FinTech Adoption Across Generations: Financial Fitness in the Information Age
w23801 John Asker
Allan Collard-Wexler
Jan De Loecker

Market Power, Production (Mis)Allocation and OPEC
w23749 Felipe A. Dunsch
David K. Evans
Ezinne Eze-Ajoku
Mario Macis

Management, Supervision, and Health Care: A Field Experiment
w23728 Isaac Ehrlich
Dunli Li
Zhiqiang Liu

The Role of Entrepreneurial Human Capital as a Driver of Endogenous Economic Growth
w23734 James D. Adams
Albert N. Link

The Structure and Performance of U.S. Research Joint Ventures: Inferences and Implications from the Advanced Technology Program
w23736 David J. Deming
Christopher R. Walters

The Impact of Price Caps and Spending Cuts on U.S. Postsecondary Attainment
w23676 Jose Maria Barrero
Nicholas Bloom
Ian Wright

Short and Long Run Uncertainty
w23684 Avi Goldfarb
Catherine Tucker

Digital Economics
w23687 Jan De Loecker
Jan Eeckhout

The Rise of Market Power and the Macroeconomic Implications
w23693 John Haltiwanger
Henry Hyatt
Erika McEntarfer

Who Moves Up the Job Ladder?
w23698 Joshua Angrist
Pierre Azoulay
Glenn Ellison
Ryan Hill
Susan Feng Lu

Inside Job or Deep Impact? Using Extramural Citations to Assess Economic Scholarship
w23666 Lucia S. Foster
Cheryl A. Grim
John Haltiwanger
Zoltan Wolf

Macro and Micro Dynamics of Productivity: From Devilish Details to Insights
w23667 Grace Lordan
David Neumark

People Versus Machines: The Impact of Minimum Wages on Automatable Jobs
w23637 Emmanuel Dhyne
Amil Petrin
Valerie Smeets
Frederic Warzynski

Multi Product Firms, Import Competition, and the Evolution of Firm-product Technical Efficiencies
w23627 Rudi Bekkers
Christian Catalini
Arianna Martinelli
Cesare Righi
Timothy Simcoe

Disclosure Rules and Declared Essential Patents
w23608 Michael Bailey
Ruiqing (Rachel) Cao
Theresa Kuchler
Johannes Stroebel
Arlene Wong

Measuring Social Connectedness
w23582 Jonas Hjort
Jonas Poulsen

The Arrival of Fast Internet and Employment in Africa
w23583 Germán Gutiérrez
Thomas Philippon

Declining Competition and Investment in the U.S.
w23555 Joshua L. Rosenbloom
Donna K. Ginther

Show me the Money: Federal R&D Support for Academic Chemistry, 1990-2009
w23533 Sun Ling Wang
Eldon Ball
Richard Nehring
Ryan Williams
Truong Chau

Impacts of Climate Change and Extreme Weather on U.S. Agricultural Productivity: Evidence and Projection
w23513 Christine L. Carroll
Colin A. Carter
Rachael E. Goodhue
C.-Y. Cynthia Lin Lawell

Crop Disease and Agricultural Productivity
w23531 Aaron Chatterji
Innovation and American K-12 Education
w23519 Jayson L. Lusk
Jesse Tack
Nathan P. Hendricks

Heterogeneous Yield Impacts from Adoption of Genetically Engineered Corn and the Importance of Controlling for Weather
w23523 George Akerlof
Pascal Michaillat

Beetles: Biased Promotions and Persistence of False Belief
w23484 Erling Barth
James C. Davis
Richard B. Freeman
Andrew J. Wang

The Effects of Scientists and Engineers on Productivity and Earnings at the Establishment Where They Work
w23488 Susan Athey
Christian Catalini
Catherine Tucker

The Digital Privacy Paradox: Small Money, Small Costs, Small Talk
w23505 Andreas Nilsson
David T. Robinson

What is the Business of Business?
w23491 Emily Breza
Arun G. Chandrasekhar
Tyler H. McCormick
Mengjie Pan

Using Aggregated Relational Data to Feasibly Identify Network Structure without Network Data
w23464 Steven N. Kaplan
Are U.S. Companies Too Short-Term Oriented? Some Thoughts
w23454 Paul A. Gompers
Sophie Q. Wang

And the Children Shall Lead: Gender Diversity and Performance in Venture Capital
w23459 Paul A. Gompers
Kevin Huang
Sophie Q. Wang

Homophily in Entrepreneurial Team Formation
w23422 Diego Restuccia
Richard Rogerson

The Causes and Costs of Misallocation
w23429 James D. Hamilton
Why You Should Never Use the Hodrick-Prescott Filter
w23431 Olav Sorenson
Innovation Policy in a Networked World
w23437 Roland G. Fryer
Jr

Management and Student Achievement: Evidence from a Randomized Field Experiment
w23396 David Autor
David Dorn
Lawrence F. Katz
Christina Patterson
John Van Reenen

The Fall of the Labor Share and the Rise of Superstar Firms
w23398 John Horton
William R. Kerr
Christopher Stanton

Digital Labor Markets and Global Talent Flows
w23378 Margaret McMillan
Dani Rodrik
Claudia Sepulveda

Structural Change, Fundamentals and Growth: A Framework and Case Studies
w23384 Wolfgang Keller
William W. Olney

Globalization and Executive Compensation
w23387 Michael E. Waugh
Firm Dynamics and Immigration: The Case of High-Skilled Immigration
w23344 Adam Jørring
Andrew W. Lo
Tomas J. Philipson
Manita Singh
Richard T. Thakor

Sharing R&D Risk in Healthcare via FDA Hedges
w23350 Michael Carlos Best
Jonas Hjort
David Szakonyi

Individuals and Organizations as Sources of State Effectiveness, and Consequences for Policy
w23354 Philippe Aghion
Nicholas Bloom
Brian Lucking
Raffaella Sadun
John Van Reenen

Turbulence, Firm Decentralization and Growth in Bad Times
w23369 David Byrne
Stephen Oliner
Daniel Sichel

Prices of High-Tech Products, Mismeasurement, and Pace of Innovation
w23371 Fatih Guvenen
Greg Kaplan
Jae Song
Justin Weidner

Lifetime Incomes in the United States over Six Decades
w23339 José-María Da-Rocha
Marina Mendes Tavares
Diego Restuccia

Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity
w23324 Fatih Guvenen
Raymond J. Mataloni
Jr.
Dylan G. Rassier
Kim J. Ruhl

Offshore Profit Shifting and Domestic Productivity Measurement
w23332 Lorenzo Caliendo
Fernando Parro
Aleh Tsyvinski

Distortions and the Structure of the World Economy
w23315 Charles Hulten
Leonard Nakamura

Accounting for Growth in the Age of the Internet: The Importance of Output-Saving Technical Change
w23320 Kathryn L. Shaw
Anders Sørensen

The Productivity Advantage of Serial Entrepreneurs
w23296 M. Keith Chen
Judith A. Chevalier
Peter E. Rossi
Emily Oehlsen

The Value of Flexible Work: Evidence from Uber Drivers
w23299 Judith A. Chevalier
Yaniv Dover
Dina Mayzlin

Channels of Impact: User Reviews when Quality is Dynamic and Managers Respond
w23300 Nicholas Bloom
Erik Brynjolfsson
Lucia Foster
Ron S. Jarmin
Megha Patnaik
Itay Saporta-Eksten
John Van Reenen

What Drives Differences in Management?
w23268 Joan Farre-Mensa
Deepak Hegde
Alexander Ljungqvist

What is a Patent Worth? Evidence from the U.S. Patent "Lottery"
w23279 Edward L. Glaeser
Wentao Xiong

Urban Productivity in the Developing World
w23282 David Card
Stefano DellaVigna

What do Editors Maximize? Evidence from Four Leading Economics Journals
w23283 Sang Yoon Lee
Yongseok Shin

Horizontal and Vertical Polarization: Task-Specific Technological Change in a Multi-Sector Economy
w23247 Mitchell Hoffman
Stephen V. Burks

Training Contracts, Employee Turnover, and the Returns from Firm-sponsored General Training
w23248 Oriana Bandiera
Stephen Hansen
Andrea Prat
Raffaella Sadun

CEO Behavior and Firm Performance
w23240 Mitchell Hoffman
Stephen V. Burks

Worker Overconfidence: Field Evidence and Implications for Employee Turnover and Returns from Training
w23241 Frank R. Lichtenberg
The Impact of Public and Private Research Support on Premature Cancer Mortality and Hospitalization in the U.S., 1999-2013
w23187 Ashish Arora
Sharon Belenzon
Lia Sheer

Back to Basics: Why do Firms Invest in Research?
w23138 Joshua S. Gans
Scott Stern

Endogenous Appropriability
w23168 Eleanor W. Dillon
Christopher T. Stanton

Self-Employment Dynamics and the Returns to Entrepreneurship
w23132 Xinshen Diao
Margaret McMillan
Dani Rodrik

The Recent Growth Boom in Developing Economies: A Structural Change Perspective
w23128 Diego Restuccia
Raul Santaeulalia-Llopis

Land Misallocation and Productivity
w23129 Joel M. David
Venky Venkateswaran

The Sources of Capital Misallocation
w23137 Ufuk Akcigit
John Grigsby
Tom Nicholas

Immigration and the Rise of American Ingenuity
w23095 Jess Benhabib
Jesse Perla
Christopher Tonetti

Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier
w23099 Henry Sauermann
Fire in the Belly? Employee Motives and Innovative Performance in Startups versus Established Firms
w23102 Chinhui Juhn
Kristin McCue
Holly Monti
Brooks Pierce

Firm Performance and the Volatility of Worker Earnings
w23108 David Autor
David Dorn
Lawrence F. Katz
Christina Patterson
John Van Reenen

Concentrating on the Fall of the Labor Share
w23114 Bhaven N. Sampat
Kenneth C. Shadlen

Secondary Pharmaceutical Patenting: A Global Perspective
w23063 Joshua Goodman
The Labor of Division: Returns to Compulsory High School Math Coursework
w23068 Margaret Kyle
Heidi L. Williams

Is American Health Care Uniquely Inefficient? Evidence from Prescription Drugs
w23072 Gaétan de Rassenfosse
Adam B. Jaffe

Econometric Evidence on the R&D Depreciation Rate
w23078 Leila Agha
Brigham Frandsen
James B. Rebitzer

Fragmented Division of Labor and Healthcare Costs: Evidence from Moves Across Regions
w23086 B. Zorina Khan
Designing Women: Consumer Goods Innovations in Britain, France and the United States, 1750-1900
w23088 Heidi L. Williams
How Do Patents Affect Research Investments?
w23036 Ashish Arora
Sharon Belenzon
Honggi Lee

Reversed Citations and the Localization of Knowledge Spillovers
w23039 Tasso Adamopoulos
Loren Brandt
Jessica Leight
Diego Restuccia

Misallocation, Selection and Productivity: A Quantitative Analysis with Panel Data from China
w23042 B. Zorina Khan
Prestige and Profit: The Royal Society of Arts and Incentives for Innovation, 1750-1850
w23046 Joshua S. Gans
Avi Goldfarb
Mara Lederman

Exit, Tweets and Loyalty
w23047 Ufuk Akcigit
John Grigsby
Tom Nicholas

The Rise of American Ingenuity: Innovation and Inventors of the Golden Age
w23018 Nathan Goldschlag
Julia Lane
Bruce Weinberg
Nikolas Zolas

Proximity and Economic Activity: An Analysis of Vendor-University Transactions
w23019 Wan-Ying Chang
Wei Cheng
Julia Lane
Bruce Weinberg

Federal Funding of Doctoral Recipients: Results from new Linked Survey and Transaction Data
w23021 Xinshen Diao
Kenneth Harttgen
Margaret McMillan

The Changing Structure of Africa's Economies
w23023 Matthew J. Kotchen
Maximizing the Impact of Climate Finance: Funding Projects or Pilot Projects?

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