Latest News and Research
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Patent thickets, stock returns, and conditional CAPM
By Po-Hsuan Hsu, Hsiao-Hui Lee, and Tong Zhou
In order to accelerate knowledge accumulation and technical progress, governments introduced patent systems to encourage inventors to share their ideas, discoveries, and inventions with the public. Read More → -
Profit Taxation, R&D Spending, and Innovation
By Andreas Lichter, Max Löffler, Ingo E. Isphording, Thu-Van Nguyen, Felix Poege, Sebastian Siegloch
Advances in pharmaceuticals and vaccines, robotics and artificial intelligence dominate newspaper headlines. Read More → -
Do Incentives Matter for Hospitals?
By Tal Gross, Adam Sacarny, Maggie Shi & David Silver
America spends about 6 cents of every dollar at its hospitals. A natural question to ask: why not just pay those hospitals less? Read More → -
How important is price variation between health insurers?
By Stuart V. Craig, Keith Marzilli Ericson, and Amanda Starc
We examined how prices vary between insurers for the same procedure at the same hospital, using a dataset of all commercial Massachusetts hospital claims. Read More →