We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

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 …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …

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