Hugo Hopenhayn, professor of economics at UCLA, was recently awarded a grant from the National Science Foundation for his proposal “Innovations, Innovators and Knowledge Transfer.”

Hopenhayn’s research proposal is concerned with the incentives and rewards to innovation, and their impacts on economic development, growth and welfare. The project will also identify a new source of market failure that is very likely to attract future research.

Hopenhayn is a fellow of the Econometric Society. His early research studied industry dynamics and the optimal design of unemployment insurance. More recently, he has contributed to the theory of dynamic optimal contracting with applications to patent design.

More information can be found at the National Science Foundation’s website.