technology cannot be compared to its own direct investment costs. Eureka moments are hardly ever self-enabling and incentives are … investment. We distinguish free generic technology from proprietary technologies resulting from risky investment with uncertain … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …

We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …

a new technology efficiently can explain a set of observations regarding within and cross-country patterns of technology …) why inefficient technology use may take over a market even when better practice is available, (2) why widespread … technologies is more likely to occur where the existing technology is already productive, where wages are already relatively high …

incentives to prevent harm, or not to engage in harmful activities, provided that they have at least the required level of assets …

This paper examines the characteristics of and interactions among measures to effect saving and investment incentives … ("S-I incentives")in the context of an income tax system that is inadequately indexed for inflation. Examples are … incentives are classified into "consumption tax" and "direct grant" types, and it is shown that these differ in their influence …

the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal … revisions in evaluating the neutrality of different incentives. Another point we would make is that Boadway's results depend … these important elements of the problem, general results about the neutrality of different incentives can no longer be …

not affect future payoffs, there are strong incentives to delay or accelerate investment to take advantage of predictable … elasticity of investment supply is high--between 10 and 20. Market prices do not react to the subsidy as the theory dictates …Investment decisions are inherently forward-looking. The payoff of acquiring capital goods, particularly long …

the costs associated with investment in fiber-optic networks are likely recoverable in some markets, but that there is a … large gap between social and private incentives to invest …

How do public and private information affect equilibrium allocations and social welfare in economies with investment …