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We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological … innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to … innovation) and the benefits associated with returns to scale. We derive conditions for optimal diversity under different regimes …
Persistent link: https://www.econbiz.de/10011377094
This paper studies the diffusion of multiple, related technologies among firms. The results suggest an endogenous acceleration mechanism of technology adoption: The more advanced a firm is in using a particular set of technologies, the more likely it is to adopt additional, related technologies....
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investment in research and development and the growth rate of theeconomy. …
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The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
Persistent link: https://www.econbiz.de/10011326960
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011350354
-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable …
Persistent link: https://www.econbiz.de/10014369562
positive externality of increasing returns to investment which are counterbalanced by recombinant innovation. We determine … effect of recombinant innovation of the two technologies. A mechanism of endogenous competition is described involving a … in the form of lower returns on investment implemented through a growth-depressing factor. We compare cumulative …
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