innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

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 …

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

contractible or when we preclude cooperation in long-term relationships, (ii) the rate of innovation in the cooperative equilibrium … period). In that case, for sufficiently slow diffusion, the innovation rate in the cooperative equilibrium may be higher than …