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Timing of Technology Adoption and Product Market Competition
Milliou, Chrysovalantou; Petrakis, Emmanuel - 2021
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10013316352
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Endogenous Capital-and Labor-Augmenting : Technical Change in the Neoclassical Growth Model
Irmen, Andreas - 2016
investments are associated with new technological knowledge that accumulates over time and sustains long-run growth. We show that …-temporal knowledge externality. An appropriate policy of investment subsidies may implement the efficient allocation …
Persistent link: https://www.econbiz.de/10013001160
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The Lindahl Equilibrium in Schumpeterian Growth Models : Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives
Gray, Elie - 2014
considering knowledge diffusion on a Salop (1979) circle. Completing markets by pricing knowledge allows us to compare the private … value of innovations with the social one. This comparison sheds a new light on the consequences of non-rivalry of knowledge …
Persistent link: https://www.econbiz.de/10013056813
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Using the Salop Circle to Study Scale Effects in Schumpeterian Growth Models : Why Inter-Sectoral Knowledge Diffusion Matters
Gray, Elie - 2016
-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard … Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … simultaneously sending and receiving knowledge is located over the circle. The link between knowledge diffusion and scale effects …
Persistent link: https://www.econbiz.de/10012984503
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Employment Protection versus Flexicurity : On Technology Adoption in Unionised Firms
Lommerud, Kjell Erik; Straume, Odd Rune - 2021
We analyse how different labour market institutions - employment protection versus flexicurity - affect technology adoption in unionised firms. We consider both trade unions' incentives to oppose or endorse labour-saving technology, and firms' incentives to invest in such technology. We find...
Persistent link: https://www.econbiz.de/10013316440
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Competition, Imitation, and R&D Productivity in a Growth Model with Sector-Specific Patent Protection
Mosel, Malte - 2021
Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...
Persistent link: https://www.econbiz.de/10013316194
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Competition, Imitation, and R&D Productivity in a Growth Model with Sector-Specific Patent Protection
Mosel, Malte - CESifo - 2010
Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...
Persistent link: https://www.econbiz.de/10008572561
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Environmental Policy Design and the Fragmentation of International Markets for Innovation
Johnstone, Nick - 2014
It has long been argued that the implementation of market-based environmental policy instruments such as environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of regulation such as technology-based standards. One of the...
Persistent link: https://www.econbiz.de/10013071223
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High-Skilled Migration and Agglomeration
Kerr, Sari Pekkala - 2017
This paper reviews recent research regarding high-skilled migration. We adopt a data-driven perspective, bringing together and describing several ongoing research streams that range from the construction of global migration databases, to the legal codification of national policies regarding...
Persistent link: https://www.econbiz.de/10012964619
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Heterogeneous Technology Diffusion and Ricardian Trade Patterns
Kerr, William - 2019
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...
Persistent link: https://www.econbiz.de/10012902445