We’d like to congratulate Professor Hugo Hopenhayn for winning an NSF grant on “Innovations, Innovators and Knowledge Transfer”.

The proposed research project studies the incentives and rewards to innovation, and their impacts on economic development, growth and welfare. In particular, it examines three related questions as follows: Is innovation going to the right areas? Are the incentives for innovation and diffusion of new ideas appropriate? And, what constitutes the innovation capital of the economy?