Fact or Fluff: Does Wording Used by Gene Editing Companies Affect Investor Behaviors?
by Thomas Freireich Abstract The writing style a startup uses to portray itself has an impact on investors’ perceptions of them, subsequently affecting their venture capital decisions. This funding is particularly important given the prominence of venture capital as a primary financial source for growing early-stage biotechnology companies. Currently, due to recent scientific advances, many […]
Technological Impacts on Return to Education in Brazil
by Yirui Zhao Abstract The wage return to education has been studied for a long time. Acemoglu and Autor (2010) connect the decrease of medium-level job opportunities in the U.S. with technological advances. Their theoretical model predicts that if technology replaces routine jobs, workers with medium-level skills will experience decreases in wages relative to both […]
What Affects Post-Merger Innovation Outcomes? An Empirical Study of R&D Intensity in High Technology Transactions Among U.S. Firms
by Neha Karna Abstract High levels of global M&A activity have characterized the past decade, making the policy debate over the impact of mergers on innovation even more pertinent. Innovation is a significant driver of economic growth and therefore a negative effect of mergers on innovation outcomes may have detrimental consequences. Nevertheless, the existing literature […]
Tale of Two Cities An Econometric Analysis of East & West Coast Fine Art Galleries
by Daniella Victoria Paretti Abstract In a 2021 report published alongside Art Basel and UBS, renowned cultural economist Dr. Clare McAndrew posited that the value of art sales in 2020 amounted to an impressive $50 billion (although this actually marks an over 10-year low). It is no secret that the global art markets are extremely […]
Predicting the Work Task Replacement Effects of the Adoption of Machine Learning Technology
by Shreya Hurli Abstract This paper develops a methodology to attempt to predict which tasks in the workforce will be resistant to the replacement of labor by machine learning technology in the near future given current technology and technology adoption trends. Tasks are individual activities completed as parts of a job. Prior research in the […]
The Effects of Health IT Innovation on Throughput Efficiency in the Emergency Department
by Michael Levin Abstract Overcrowding in United States hospitals’ emergency departments (EDs) has been identified as a significant barrier to receiving high-quality emergency care, resulting from many EDs struggling to properly triage, diagnose, and treat emergency patients in a timely and effective manner. Priority is now being placed on research that explores the effectiveness of […]
Patrolling the Future: Unintended Consequences of Predictive Policing in Chicago
By Jenny Jiao In the past decade, police departments have increasingly adopted predictive policing programs in an effort to identify where crimes will occur and who will commit them. Yet, there have been few empirical analyses to date examining the efficacy of such initiatives in preventing crime. Using police and court data from the […]
The Impact of Microfinance on Women’s Empowerment: Evidence from Rural Areas of Uganda
By Sonia Maria Hernandez Microfinance is the practice of extending small collateral-free loans to underserved populations in developing areas with no access to credit. The Village Savings and Loan Association (VSLA) randomized access to microfinance treatment for women in rural areas of Uganda and tracked outcomes through surveys. This research determines the impact of microfinance […]
Evaluating The Forward Citations-Patent Value Relationship: The Role Of Competition
By Neelesh T. Moorthy I assess whether forward citations—how often patents are cited by subsequent patents—reliably capture patent quality. A high-quality invention might lack forward citations if there are no competing, patenting firms. This introduces measurement error in using citations to measure patent value. I test whether greater competition makes forward citations better measures of […]
Evaluation of the Impact of New Rules in FCC’s Spectrum Incentive Auction
By Elizabeth Lim, Akshaya Trivedi and Frances Mitchell On March 29, 2016, the FCC initiated its first ever two-sided spectrum auction. The auction closed approximately one year later, having repurposed a total of 84 megahertz (MHz) of spectrum. The “Incentive Auction” included three primary components: (1) a reverse auction where broadcasters bid on the price […]
