Motivating innovation is an important concern in many organizations. For example, shareholders of large corporations often need to motivate managers to pursue more innovative business strategies. Managers often complain that it is hard to induce their employees to be more innovative. Gustavo Manso from the University of California at Berkeley studies how to structure incentives when the principal (manager) needs to motivate the agent (employee) to be more innovative? He shows

Information technology (IT) can improve productivity by simultaneously affecting operational efficiency for a given worker and the coordination of different workers. Relative to the rest of the service sector, the health care industry has lagged behind in IT adoption and productivity growth. Rezwan Haque from the Harvard University studies in his paper how the rapid diffusion of IT has affected productivity in the health care sector. The main part of this paper is an empir

There are currently more than half a million patents granted by the US Patent and Trademark Office (USPTO) per year, only a handful make a fundamental contribution to society's knowledge, and only a small fraction account for the bulk of the value created. The economists Acemoglu, Akcigit and Celik investigate the relationship between openness to disruption and creative innovations, that is the innovations that break new ground in terms of knowledge creation. First, they are