innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …

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

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

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US … stems in part from an unbalanced sectoral distribution of innovation over the last several decades. Because an industry …'s success in innovation depends on complementary innovations among its input suppliers, rapid productivity growth that is …

reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …

change and innovation has radically changed the living standards of the citizens of the US in the past 150 years. Lying … the presence of post offices in a county, on innovation. We show that between 1804 and 1899, the time when the US became …