Slack Time and Innovation
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چکیده
We explore how slack time might drive the quantity and quality of creative projects. We model slack time as continguous blocks of low opportunity cost time. We model contiguous blocks of time as particularly useful for complex projects. The model predicts that more creative projects are produced during slack time because it is low opportunity cost time. The model also predicts that slack time generates more complex projects. Finally, if the benefit of contiguous blocks of time is sufficiently high, slack time projects will be higher value. We take these predictions to data on 164,293 Kickstarter projects. We show that there are relatively many projects posted in college towns during breaks. Furthermore, we show that these projects are relatively complex to implement and they appear to be higher value. We conclude that contiguous blocks of time to focus on creative project implementation can increase the quantity and quality of such projects. JEL Classifications: L26, O31, J22.
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