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The Structure of Wages and Investment in General Training

Acemoglu, Daron - 1998

In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...

Persistent link: https://www.econbiz.de/10012472459

Innovation by Entrants and Incumbents

Acemoglu, Daron - 2010

We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more "radical" innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both entry...

Persistent link: https://www.econbiz.de/10012462245

Innovating Firms and Aggregate Innovation

Klette, Tor Jakob - 2002

We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...

Persistent link: https://www.econbiz.de/10012469896

Empirical Patterns of Firm Growth and R&D Investment : A Quality Ladder Model Interpretation

Klette, Tor Jakob - 1997

We present a model of endogenous firm growth with R&D investment and innovation as the engine of growth. The objective …

Persistent link: https://www.econbiz.de/10012472879

Localized and Biased Technologies : Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2014

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

Persistent link: https://www.econbiz.de/10012458604

Young, Restless and Creative : Openness to Disruption and Creative Innovations

Acemoglu, Daron - 2014

innovations--innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the … choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … consistent with this pattern. Our measures of creative innovations proxy for innovation quality (average number of citations per …

Persistent link: https://www.econbiz.de/10012458770

Managing Innovation in a Crowd

Acemoglu, Daron - 2014

Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open … fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor …

Persistent link: https://www.econbiz.de/10012458801

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

Persistent link: https://www.econbiz.de/10012460215