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The Merits of New Pollutants and How to Get Them When Patents Are Granted

Perino, Grischa - 2006

studied for a new type of innovation where new technologies reduce emissions of a specific pollutant but at the same time …-holding firm. This result carries over to other types of innovation. Taxes are inefficient if technologies produce perfect …

Persistent link: https://www.econbiz.de/10011422129

On Backstops and Boomerangs: Environmental R&D under Technological Uncertainty

Goeschl, Timo; Perino, Grischa - 2007

The literature on environmental R&D frequently studies innovation as a two-stage process, with a single R&D event … leading from a conventional polluting technology to a perfectly clean backstop. We allow for uncertainty in innovation in that …

Persistent link: https://www.econbiz.de/10011422142

Innovation Without Magic Bullets: Stock Pollution and R&D Sequences

Goeschl, Timo; Perino, Grischa - 2006

We study the optimal R&D trajectory in a setting where new technologies are never perfect backstops in the sense that there is no perfectly clean technology that eventually solves the pollution problem once and for all. New technologies have stings attached, i.e. each emits a specific stock...

Persistent link: https://www.econbiz.de/10011422147

The long-term effect of Western customs institution on firm innovation in China

Jin, Gan; Schulze, Günther G. - 2024

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

Persistent link: https://www.econbiz.de/10014483325

Rage Against the Machines: How Subjects Learn to Play Against Computers

Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005

number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

Persistent link: https://www.econbiz.de/10011422135

Unbeatable Imitation

Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard C. - 2010

We show that for many classes of symmetric two-player games, the simple decision rule "imitate-the-best" can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...

Persistent link: https://www.econbiz.de/10011422207

Once Beaten, Never Again: Imitation in Two-Player Potential Games

Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard C. - 2012

We show that in symmetric two-player exact potential games, the simple decision rule "imitate-if-better" cannot be beaten by any strategy in a repeated game by more than the maximal payoff difference of the one-period game. Our results apply to many interesting games including examples like 2x2...

Persistent link: https://www.econbiz.de/10011422230