Estimating Spillovers from Publicly Funded R&D: Evidence from the US Department of Energy
with Lauren Lanahan
American Economic Review (2022), 112(7), 2393–2423
The spillovers from public R&D grants are large and reach far across geographic and technological space, and focusing only on firms that directly receive grants causes you to miss a lot of what's going on.
Potentially Long-lasting Effects of the Pandemic on Scientists
with Jian Gao, Yian Yin, Karim Lakhani, and Dashun Wang
Nature Communications (2021), 12, 6188
The COVID-19 pandemic led to a significant decline in the number of "new" research projects initiated by academic researchers.
The Elasticity of Science
American Economic Journal: Applied Economics (2020), 12(4), 103–134
The adjustment costs of science -- getting scientists to study what you want them to -- are very large.
Unequal Effects of the COVID-19 Pandemic on Scientists
with Wei Yang Tham, Yian Yin, Nina Cohodes, Jerry Thursby, Marie Thursby, Peter Schiffer, Joseph Walsh, Karim Lakhani, and Dashun Wang
Nature Human Behaviour (2020), 4, 880–883
Scientists experienced a wide range of disruptions to their work in the early months of the COVID-19 pandemic, with the largest declines amongst those in the "bench sciences," female scientists, and researchers with young children at home.
Endogenous Productivity of Demand-Induced R&D: Evidence from Pharmaceuticals
with Mark Pauly
RAND Journal of Economics (2019), 50(3), 591–614
When people want more new drugs, firms are happy to invest in ideas that cost more. And as they run out of "low hanging fruit" while demand keeps growing, R&D costs will naturally grow.