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The Economics of Inefficient Technology Use

Beaudry, Paul - 2007

The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...

Persistent link: https://www.econbiz.de/10012465146

Mirage on the Horizon : Geoengineering and Carbon Taxation Without Commitment

Acemoglu, Daron - 2018

We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...

Persistent link: https://www.econbiz.de/10012453303

Regulating the Direction of Innovation

Gans, Joshua - National Bureau of Economic Research - 2024

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We …

Persistent link: https://www.econbiz.de/10014635704

Learning by doing in markets, firms, and countries

Lamoreaux, Naomi R. (ed.); Raff, Daniel M. G. (contributor); … - 1999

Persistent link: https://www.econbiz.de/10000663281

Inventive Capabilities in the Division of Innovative Labor

Arora, Ashish - 2018

of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …

Persistent link: https://www.econbiz.de/10012480704

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

Adoption Curves and Social Interactions

Brock, William A. - 2009

This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...

Persistent link: https://www.econbiz.de/10012463584

Innovation, Competition and Welfare-Enhancing Monopoly

Darby, Michael R. - 2006

agenda to integrate major research streams treating innovation as an object of economic analysis into our standard models … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …

Persistent link: https://www.econbiz.de/10012466574

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous …

Persistent link: https://www.econbiz.de/10012474415

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

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