NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Conveying Quality and Value in Emerging Industries: Star Scientists and the Role of Learning in Biotechnology

Matthew J. Higgins, Paula E. Stephan, Jerry G. Thursby

NBER Working Paper No. 14602
Issued in December 2008

---- Acknowledgements -----

We have benefited from discussions with colleagues at Georgia State University, University of Nebraska, Emory University, Georgia Institute of Technology, Purdue University, Katholieke Universiteit Leuven, the NBER Working Group on Higher Education and the Roundtable for Engineering Entrepreneurship. David Audretsch, Jim Adams, Bill Amis, Chris Bollinger, Irwin Feller, Shiferu Gurmu, Joshua Lerner, Sharon Levin, Frank Rothaermel, Judith Ruud, Marie Thursby, Leslie Harris-Vincent and Mary Beth Walker provided useful comments on this research. We thank Mark Edwards at Recombinant Capital for access to their data and Meghan Crimmins, Daniel Hall, Richard Hawkins and Anne Gilbert for assistance in coding. Stephan acknowledges financial support from the Science and Engineering Workforce Project, NBER. Higgins acknowledges financial support from the National Science Foundation IGERT Fellowship (Grant #0221600) and the Imlay Professorship. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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