hours worked rise or fall when technology improves. Recent literature finds that when hours per person enter the VAR in … following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …

industry life cycle. The theory of knowledge spillovers, based on the knowledge production function for innovative activity …

potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We … discuss the effects of standard setting activities by large, often public, procurers on innovation races. We evaluate how …

observed price patterns. The high volatility results from high uncertainty about the average productivity of a new technology …. Investors learn about this productivity before deciding whether to adopt the technology on a large scale. For technologies that … railroad technology by the late 1850s. …