Slack Time and Innovation
---- Acknowledgements ----
We thank Lee Fleming, Joshua Gans, Scott Stern, and seminar participants at the NBER "Changing Financing Market for Innovation & Entrepreneurship Conference," the 2014 AEA Meetings, the 2014 REER Conference at Georgia Tech, Duke University, Johns Hopkins University, University of Maryland, National University of Singapore, Singapore Management University, Harvard Business School, ZEW Conference 2014, UC Berkeley, World Bank, MIT, and University of Toronto for comments. We thank SSHRC and the Centre for Innovation and Entrepreneurship at the University of Toronto for financial support. Errors remain our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Avi Goldfarb ----
Avi Goldfarb has between $5,000 and $10,000 in equity in several publicly traded technology companies as part of a broad investment portfolio.