Government subsidies for R&D are intended to promote projects with high returns to society but too little private … a simple signaling model with different types of R&D projects to capture this phenomenon. In a setup where the subsidy …

most innovation and technology diffusion at the lowest cost. This Article seeks to support better analyses of, and decision … making regarding, the choices of government innovation-funding mechanisms by discussing the limits of current analyses and … government innovation-funding inputs and outputs; (2) better documentation of and self-conscious decision making regarding …

underinvestment problem. Innovation signaling provides a rational explanation for consumer attraction to new versions of products …Are new versions of products necessarily better? We analyze product innovation by a firm that engages in research and … development designed to improve an existing product, the outcome of which is uncertain. If the firm adopts the innovation its …

in overlooking the squandering of government resources on tax subsidies to investors in Labour-Sponsored Venture Capital …

facilitating an innovation-based transition towards a low-carbon economy. This paper conceptually explores some key challenges …