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Acemoglu, Daron - 2010

We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more "radical" innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both entry...

Persistent link: https://www.econbiz.de/10013137600

Catch-Up and Fall-Back Through Innovation and Imitation

Benhabib, Jess - 2012

frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …

Persistent link: https://www.econbiz.de/10013106293

Carbon Taxes, Path Dependency and Directed Technical Change : Evidence from the Auto Industry

Aghion, Philippe - 2014

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10013064941

Heterogeneity and the Dynamics of Technology Adoption

Ryan, Stephen P - 2014

We estimate the demand for a videocalling technology in the presence of both network effects and heterogeneity. Using a unique dataset from a large multinational firm, we pose and estimate a fully dynamic model of technology adoption. We propose a novel identification strategy based on...

Persistent link: https://www.econbiz.de/10013067628

Adoption Curves and Social Interactions

Brock, William A. - 2010

This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...

Persistent link: https://www.econbiz.de/10013152509

Inventive Capabilities in the Division of Innovative Labor

Arora, Ashish - 2018

of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …

Persistent link: https://www.econbiz.de/10012911085

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 2010

-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous …

Persistent link: https://www.econbiz.de/10012763516

Localized and Biased Technologies : Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2014

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

Persistent link: https://www.econbiz.de/10013055191

Innovation, Competition and Welfare-Enhancing Monopoly

Darby, Michael R. - 2011

outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any …

Persistent link: https://www.econbiz.de/10012757081

Designing Dynamic Subsidies to Spur Adoption of New Technologies

Langer, Ashley; Lemoine, Derek - 2021

We analyze the efficient subsidy for durable good technologies. We theoretically demonstrate that a policymaker faces a tension between intertemporally price discriminating by designing a subsidy that increases over time and taking advantage of future technological progress by designing a...

Persistent link: https://www.econbiz.de/10013224980

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