through learning-by-doing, which ignores the potential opportunity costs of technological change. Models using R&D spending as … technology, opportunity costs of research limit the role induced innovation can play. Moreover, since the backstop technology …

Although economists cite potential gains from induced innovation as an advantage of using market-based mechanisms to … control. I find that requiring plants constructed before 1990 to install scrubbers created incentives for innovation that …

Despite growing empirical evidence of the link between environmental policy and innovation, most economic models of … innovation in the energy sector. Ignoring induced technological change overstates the welfare costs of an optimal carbon tax …, as the effect of induced innovation on emissions and mean global temperature is small. Sensitivity analysis shows that …

literature on environmental innovation and diffusion, with a focus on studies relevant to the development of clean energy …

an induced innovation externality. This alternative mechanism, by contrast, causes people to devote an inefficiently high … level of self-protection. As an empirical example of this externality, we analyze the innovation induced by the obesity … epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that …

While many studies have looked at innovation and adoption of technologies separately, the two processes are linked …