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Frey's Scenario F simulation mentioned in account of the Democratic Party's tribulations

U-M Poverty Solutions funds nine projects

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Workshops on EndNote, NIH reporting, and publication altmetrics, Jan 26 through Feb 7, ISR

2017 PAA Annual Meeting, April 27-29, Chicago

NIH funding opportunity: Etiology of Health Disparities and Health Advantages among Immigrant Populations (R01 and R21), open Jan 2017

Russell Sage 2017 Summer Institute in Computational Social Science, June 18-July 1. Application deadline Feb 17.

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Mon, Jan 23, 2017 at noon:
Decline of cash assistance and child well-being, Luke Shaefer

Derivitive Ideas and the Value of Intangible Assets

Archived Abstract of Former PSC Researcher

Laitner, John, and D. Stolyarov. 2013. "Derivitive Ideas and the Value of Intangible Assets." International Economic Review, 54(1): 59-95.

We build a general equilibrium model where growth is driven by two invention types: fundamental ideas that cause creative destruction, and derivative ideas that enhance the value of existing inventions. The model provides a new mapping from microeconomic, patent data to aggregate total factor productivity growth and the aggregate value of privately owned knowledge. We show how to measure the frequency of derivative ideas and the rate of creative destruction. We estimate that derivative ideas account for 7080% of all patents and their presence more than doubles the value of knowledge capital relative to what the measured innovation rate might otherwise imply.

DOI:10.1111/j.1468-2354.2012.00726.x (Full Text)

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