Showing 1 - 10 of 12
An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...
Persistent link: https://www.econbiz.de/10010822927
framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …
Persistent link: https://www.econbiz.de/10008674319
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on”superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011199194
This paper addresses the timing and interdependence between innovation and environmental policy in a model of research … and development (R&D). On a first-best path the environmental tax is set at the Pigouvian level, independent of innovation …. However, with finite patent lifetime, optimal innovation policy depends on the stage of the environmental problem. In the …
Persistent link: https://www.econbiz.de/10005230797
margin innovation decision (i.e. whether to conduct innovation) from the intensive margin decision (i.e. how much to innovate … innovation towards REN and away from FF technologies. Yet, we find that these factors have a larger impact on closing the … technology gap through the entry (and exit) of small specialized firms, rather than through large mixed firms' innovation. An …
Persistent link: https://www.econbiz.de/10010833905
This paper investigates the role of Intellectual Property Rights (IPR) protection and Environmental Policies (EPs) on clean (renewable) and dirty (fossil-based) technology diffusion from top-innovators. IPR protection and EPs are extensively debated policy tools, as IPR protection addresses...
Persistent link: https://www.econbiz.de/10010833937
on innovation activities. In addition, we find that price-based policy instruments are more effective in fostering …
Persistent link: https://www.econbiz.de/10009002692
energy R&D expenditures. Technological innovation is measured using patent counts for specific technologies related to energy …
Persistent link: https://www.econbiz.de/10008642155
This paper examines venture capital investment activity in the United States during the period 1995 to the first quarter 2009, taking into consideration both location and industry sector. The research question is whether industry and region are important factors in determining venture capital...
Persistent link: https://www.econbiz.de/10008502076
Do certain regions inherently enjoy an advantage in venture capital investment decisions? And how do industry characteristics affect venture capital activity? These questions fall under the reemerging study of economic geography, which suggests the importance of industrial location to economic...
Persistent link: https://www.econbiz.de/10005102076