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Climate change will increase the risk of temperature extremes. Induced innovation could offset some of this threat …. This paper explores the demand and supply for climate adaptation innovation in a market economy. Climate change induces … this innovation because the rising temperatures increase demand for self protection products and for profit firms respond …
Persistent link: https://www.econbiz.de/10012963172
trajectories on induced innovation, providing general conditions under which the optimal carbon path should, at least eventually …
Persistent link: https://www.econbiz.de/10012868360
R&D is an uncertain activity with highly skewed outcomes. Nonetheless, most recent empirical studies and modeling estimates of the potential of technological change focus on the average returns to research and development (R&D) for a composite technology and contain little or no information...
Persistent link: https://www.econbiz.de/10013066763
innovation and international technology transfer in general. The literature suggests that patent protection in a host country … encourages technology transfer to that country but that its impact on innovation and development is much more ambiguous. We then … externalities, implies that patent protection may not be the optimal instrument for encouraging innovation in this area, especially …
Persistent link: https://www.econbiz.de/10013115728
literature on environmental innovation and diffusion, with a focus on studies relevant to the development of clean energy …
Persistent link: https://www.econbiz.de/10013116453
Over 250 respondents--graduate students in law and public policy--assessed the risks of climate change and valued climate-change mitigation policies. Many aspects of their behavior were consistent with rational behavior. For example, respondents successfully estimated distributions of...
Persistent link: https://www.econbiz.de/10012755602
in global risks to human life. The response to this will be the seeking-out of financial innovation by major forms …
Persistent link: https://www.econbiz.de/10012757540
Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...
Persistent link: https://www.econbiz.de/10012758017
What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern...
Persistent link: https://www.econbiz.de/10012759392
This paper examines the tilt and risk-return characteristics of real retirement incomes provided by variable annuities tied to bills, long-term bonds, stocks and a mixed portfolio which combines all three. The analysis emphasizes the riskiness of the real value of benefits provided by...
Persistent link: https://www.econbiz.de/10012767826