Innovation Opportunities and Risks

Grid-scale electricity storage technologies play a vital role in balancing electricity supply and demand, particularly as renewable energy sources like wind and solar introduce greater variability into power systems. Lithium-ion batteries, accounting for 90% of U.S. electricity storage capacity, are widely regarded as essential to the clean energy transition. By storing excess electricity during periods ...Read More

Consumers are increasingly turning to large language models (LLMs) as an aid to everyday writing (i.e., email, text). While it is clear that LLMs can enhance the grammatical and syntactical structure of written communication, might they also lead people to communicate things that depart from their original intentions? We explored this question through an experimental ...Read More

Prescription drug spending has increased rapidly over the last two decades. Prior authorization represents an innovative strategy in Medicaid’s prescription drug benefit management, using administrative tools to influence prescribing behaviors and control expenses. State Medicaid programs have widely adopted prior authorization policies to curb spending and enhance the targeting of treatments. Despite the importance of ...Read More

Science forms the bedrock of industrial innovation, and yet the integrity of the scientific enterprise has recently been questioned across multiple fields by high-profile scandals and replication crises. How common is scientific malpractice, and what are its costs for firms that rely on scientific research to guide their innovation investments? Using advanced AI and manual ...Read More

As artificial intelligence becomes increasingly integrated into daily life, understanding how humans and machines achieve mutual understanding has become a crucial scientific challenge. Our research addresses this challenge by developing a digital web platform that studies how humans and AI systems communicate and build shared understanding in real-time. While machines can now model our preferences ...Read More

This study will explore technology-oriented startups (such as deeptech) scale through inorganic modes such as ecosystem partnerships and alliances. We attempt to understand how different antecedents such as founding and scaling characteristics affect the timing of when startups engage in such modes. Read More

Our research aims to deepen the understanding of (i) how financial markets value product innovation across various firm types, industries, and economic conditions, and (ii) how market sentiment influences the private economic value of product innovation, its impact on firms’ and competitors’ profitability, and the resulting resource reallocation—such as capital, labor, and R&D—both within and ...Read More

rtificial intelligence (AI) has become a transformative force in fostering innovation and productivity. In our prior research (Wu et al. 2020; Wu et al. 2019), we demonstrated that AI-driven analytics can significantly enhance innovation by combining existing technologies in novel ways and refining existing technologies. With the advent of generative AI and other advanced algorithms, ...Read More

We use monthly surveys, each based on the same five primary questions, to construct the monthly Consumer Crypto Confidence Index. We also collect demographic data, political leanings, etc., on each survey subject for each monthly survey. So far, we have collected two-years’ worth of the survey data, and also the corresponding bitcoin price ...Read More

High-income regions like North America and Europe currently generate most of the world’s emissions. However, most high-income countries have in recent years passed national or sub-national legislation to lower emissions, such as carbon taxes, emissions trading schemes, and clean subsidies. Add to this that Africa’s population is expected to triple, and the result is that ...Read More