Colombo, Luca; Femminis, Gianluca; Pavan, Alessandro - 2023
technologies are uncertain? We show that, when information is dispersed but exogenous, efficiency can be induced with simple … (constant) subsidies. When, instead, firms must also be incentivized to collect information efficiently, subsidies must be … conditioned on the ex-post profitability of the new technology and, when the cost of information acquisition is unknown to the …