We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that...

Over the last decade the World Management Survey (WMS) has collected firmlevel management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has been...

This paper considers the scientific legacy of Zvi Griliches’ contribution to the economic analysis of the diffusion of technological innovations. It first examines the relationship between Griliches’ pioneering empirical work on the introduction and adoption of hybrid corn and the subsequent...

This paper analyzes the requirements for a social welfare-optimized transition path toward a carbon-free economy, focusing particularly on the role of R&D and other technological measures to achieve timely supply-side transformations in the global production regime that will avert catastrophic...

The scientific legacy of Zvi Griliches' contribution to the economic analysis of the diffusion of technological innovations is the subject of this paper. It begins with an examination of the relationship between Griliches' pioneering empirical work on the introduction and adoption of hybrid corn...

This paper analyzes the requirements for a social welfare-optimized transition path toward a carbon-free economy, focusing particularly on the deployment of low-carbon technologies, and the roles of engineering upgrading of extant facilities, and directed R&D to enhancing their productivity. The...

This paper reports research focused on the inter-temporal resource allocation requirements of a program of technological changes that would halt global warming by completing the transition to a "green" production regime (i.e., zero net CO2-emissions) within the possibly brief finite interval...

By looking closely at the underlying structural causes of the discontinuity that appeared in the behavior of the U.S. stock market at 2:40pm in the afternoon of 6th May 2010. What transpired in those 7 minutes is viewed best as a hitherto unrecognized “emergent property” of structural...

Apparent ignorance of more than a century of economic history now threatens the competitive constitution of the Internet under the guise of “net neutrality.” Net neutrality is a slogan that stands for the proposition that the Internet and physical means of access to it should be available to...

Public and private policy for the European Research Area has an important role to play in fostering and maintaining the richness and diversity of this region’s “innovation ecology”, especially with respect to the formation and reconfiguration of information connections. But some of the...