dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US … stems in part from an unbalanced sectoral distribution of innovation over the last several decades. Because an industry …'s success in innovation depends on complementary innovations among its input suppliers, rapid productivity growth that is …

reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

can be achieved with temporary taxation of dirty innovation and production; (ii) optimal policy involves both "carbon … exhaustible resource in dirty input production helps the switch to clean innovation under laissez-faire when the two inputs are … optimal environmental policy involves global policy coordination, when the two inputs are sufficiently substitutable …

innovations that will replace current innovations imply that social benefits from innovation are not fully internalized. As a …