Daron Acemoglu has a new paper that argues that markup differences, externalities and other social considerations can distort the DICRECTION of innovation.
Distortions are substantial in industrial automation, health care, and energy.
https://t.co/4x25DGXifJ
Interesting: only three people in the USA were qualified to hand-pack the parachutes for Apollo 15. Their expertise was so vital, they were not allowed to ride in the same car together for fear that a single auto accident could cripple the space program.
@Teesmarkahn Trish, my friend’s kid goes to merri creek primary, it’s got a very strong music program. Let me know if you want me to put you in touch with him for a chat. He’s based in brunswick east and we’re based in fitzroy north - these are both great areas.
The ultimate clustering standard errors paper just dropped:
When Should You Adjust Standard Errors for Clustering?
by some big names in the field :)
https://t.co/1C3Wlki76n
*Car shopping with my wife*
Her: “Why do you keep asking about what software they use at the dealership instead of about the car?”
Me: “…Did you not read my vertical SaaS article?”
When a startup inventor’s first patent is acquired by an an incumbent firm it has a negative effect on the productivity of the patent’s inventor.
The inventor is granted 6.7 fewer patents over the next five years.
Another dark side of acquisitions?
https://t.co/5Z8mD7M3jj
History of economics is no fancy dinner talk, no crossword puzzle, not for like or dislike. It's a scientific subfield that a discipline incapable of reflexivity has decided to stop teaching & publishing. The way it's being discussed by some economists here is just demeaning
Pleased to share our paper ‘Patent Transactions and the Use of Blockchain Technology’, presented at @epip2022 at the University of Cambridge. Thomas Gils and I claim that powering #patent registers with #blockchains could facilitate (global) patent trade. https://t.co/keGtNjqFqq