Search Results
Journal Article
Old-fashioned tech transfer
Licensing isn?t the only way for industry to tap into university knowledge.
Speech
How goes the recovery? Challenges for the nation, the region and the Fed
Remarks at the University at Buffalo, Buffalo, New York.
Working Paper
Divest, Disregard, or Double Down?
How much, if at all, should an endowment invest in a firm whose activities run counter to the charitable missions the endowment funds? Endowments typically disregard the objectionable nature of or divest from such firms. However, if firm returns increase with activities the endowment combats, doubling down on the investment increases expected utility by aligning funding availability with need. I call this "mission hedging." This paper offers the first model that characterizes the endowment's investment decision on the objectionable firm, defines investment trade-offs, and examines related ...
Report
Belief updating among college students: evidence from experimental variation in information
We investigate how college students form and update their beliefs about future earnings using a unique ?information? experiment. We provide college students true information about the population distribution of earnings and observe how this information causes respondents to update their beliefs about their own future earnings. We show that college students are substantially misinformed about population earnings and logically revise their self-beliefs in response to the information we provide, with larger revisions when the information is more specific and is good news. We classify the ...
Journal Article
Moving beyond the 13th grade
Two-year colleges still battle an inferiority complex, despite strong enrollment growth and relevance in today's economy.
Journal Article
The role of universities in economic development
Conference Paper
Universities, innovation and economic growth ; proceedings of a conference sponsored by the Federal Reserve Bank of Cleveland, November 16–17, 2006
This conference convened academics, angel networks, business leaders, civic and community officials, county and state economic development leaders, law firm representatives, legislators, public policy officials, researchers, and venture financing bankers to examine how universities, innovation, and the economy are not separate entities, but engaged participants working toward a common goal ? stimulating economic growth. Experts from across the country tackled tough questions: How do universities contribute to local innovation and economic growth processes? What are the real-world applications ...
Journal Article
Behind the classroom doors
Major differences in two-year college systems exist among Ninth District states.
Discussion Paper
Community-campus partnerships for economic development: community perspectives
Formal collaborations between community groups and academic institutions to promote economic development have increased substantially over the past 10 years. The bulk of research on community-campus partnerships has focused on the experiences of institutions of higher learning and the foundations that have funded the collaborations, leaving a gap in our understanding of community experiences. This report draws on a variety of sources, including first-person interviews and academic literature, to bring out community perspectives on what makes for successful partnerships. The conclusions are ...