With a global marketplace, companies are seeking ways to manage knowledge with tools, such as the corporate university toward gaining a competitive advantage. Research has identified a common goal is to sustain competitive advantage. With a competitive advantage, a company may achieve a higher profitability. Thus far, research has provided limited…

We develop a model of induced innovation that applies to medical research. Our model yields three empirical predictions. First, initial death rates and subsequent research effort should be positively correlated. Second, research effort should be associated with more rapid mortality declines. Third, as a byproduct of targeting the most common…