Innovation is part idea generation and part development. We build a model of "innovating-by-doing," whereby ideas come … to practitioners. Successful innovation requires that practitioners' ideas be developed through costly effort. Our model ….S. Medicare program on medical equipment innovation. Our model’s structure allows us to infer the Medicare program's aggregate …

increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …

; layoffs are random and beyond the worker s influence, while the re-employment chance is directly affected by search effort. We … characterize the worker s optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation …. In general, all decisions will depend on the current level of wealth: First, the choice of search effort increases as …

This paper describes a search model with a continuum of workerand job types, transferable utility and an increasing … benefitscan reduce the loss by serving as a search subsidy. The loss caused by search frictions is higher when worker types are …

We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …

that the case for imposing a penalty on less active job search is fairly solid. A growing number of empirical studies …

monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so …

search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant … increasing benefits, moral hazard problems for constant benefits and decreasing search productivity for decreasing benefits. …