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Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...
Persistent link: https://www.econbiz.de/10011298511
We consider a model of innovation that distinguishes between ideas and innovations. While innovation responds to … incentives, ideas are a scarce resource that provide an exogenous constraint on the rate of innovation. We investigate how the … optimal reward structure is shaped by the scarcity of ideas. Substitute ideas for innovation in the model arrive to random …
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This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for...
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We investigate optimal rewards in an R&D model where substitute ideas for innovation arrive to random recipients at …
Persistent link: https://www.econbiz.de/10013134773
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …
Persistent link: https://www.econbiz.de/10013071185
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …
Persistent link: https://www.econbiz.de/10012463708