This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...

This paper analyzes how strategic calibration of utility model patent regimes – which provide a type of patent right that is distinct from invention patents and is far less studied in the literature – over time is intended to facilitate technological development. To do this, the paper...

Recent empirical evidence identifies investment shocks as key driving forces behind business cycle fluctuations. However, existing New Keynesian models emphasizing these shocks counterfactually imply a negative unconditional correlation between consumption growth and investment growth, a weak...

With tethered technologies permitting the monitoring of consumers' use of copyrighted works and private copyright enforcement, IP protected digital works are increasingly disseminated solely through access-based schemes. This article reviews the actual and potential implications of this...

In this paper, we study the problem of fair allocation in production economies where agents have different preferences and unequal production skills. We characterize the equal income Walrasian solution and the proportional solution using axioms of equity and a certain form of implementability...

Earth's life support system is facing mega-problems of sustainability. One important way of how these problems can be addressed is through innovation. This paper argues that responsible innovation that contributes to sustainable development consists of three dimensions: (1) innovations avoid...

The paper deals with the impact of the product distribution and information technology sectors on energy resource use, carbon emissions and economic growth by examining the long-run equilibrium relationships and Granger causal relationships among these variables in South Korea. The quarterly...

As the United States attempts to increase the percentage of no- and low-carbon electricity sources in the fuel mix, one consideration is whether these sources are more expensive or are capable of being competitive in the market without subsidies. This article explores the types of subsidies that...

The interdependence between electric vehicle (EV) adoption and charging station deployment could lead to multiple equilibria. Under certain market conditions, the issue of critical mass arises and a market failing to overcome this hurdle would revert to a no-adoption outcome. Using panel data of...

A patent "pool" is an arrangement under which patent holders in a common technology commit their patents to a single holder, who then licenses them out to the original patentees and perhaps also to outsiders. The payoffs include both revenue earned as a licensor, and technology acquired by pool...