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Policies for Green Design
Fullerton, Don; Wu, Wenbo - 2022
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10013324059
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Environmental Engel Curves
Levinson, Arik - 2015
Environmental Engel curves (EECs) plot the relationship between households' incomes and the pollution embodied in the … are indirectly responsible for more pollution. Second, EECs are convex, with income elasticities of less than one. Third … pollution. We show that even without changes to production techniques, the pollution necessary to produce the goods and services …
Persistent link: https://www.econbiz.de/10013029022
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Quality Disclosure and Certification : Theory and Practice
Dranove, David - 2010
This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address three key theoretical issues: (i) Why don't sellers...
Persistent link: https://www.econbiz.de/10013148872
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Carbon Taxes, Path Dependency and Directed Technical Change : Evidence from the Auto Industry
Aghion, Philippe - 2014
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 countries over several decades. We show that...
Persistent link: https://www.econbiz.de/10013064941
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Life Cycle Annuity Valuation
Bernheim, B. Douglas - 2010
In this paper, we argue that actuarial valuation of annuity benefit streams is theoretically inconsistent with the assumption of pure lifecycle motives. Instead, we show that the simple discounted value of future benefits (ignoring the possibility of death) is often a good approximation to the...
Persistent link: https://www.econbiz.de/10012762969
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Endogenous Product Cycles
Grossman, Gene M.; Helpman, Elhanan - 2021
We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer. Competitive entrepreneurs in the North expend resources to bring out new products whenever expected present discounted value of future oligopoly profits exceeds current product...
Persistent link: https://www.econbiz.de/10013223071
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The Product Cycle and Inequality
Jovanovic, Boyan - 2021
This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1...
Persistent link: https://www.econbiz.de/10013231592
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Dynamic Modeling of the Product Life Cycle in the Commercial Mainframe Computer Market, 1968-1982
Greenstein, Shane M.; Wade, James B. - 2021
This research investigates product life cycles in the commercial mainframe computer market. We show that empirical studies conducted at the product level are useful for investigating processes underlying product life cycles. We use hazard models with time-varying covariates to estimate the...
Persistent link: https://www.econbiz.de/10013236809
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Wake Up and Smell the Ginseng : The Rise of Incremental Innovation in Low-Wage Countries
Puga, Diego; Trefler, Daniel - 2021
Increasingly, a small number of low-wage countries such as China and India are involved in innovation -- not `big ideas' innovation, but the constant incremental innovations needed to stay ahead in business. We provide some evidence of this new phenomenon and develop a model in which there is a...
Persistent link: https://www.econbiz.de/10013247281
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Dynamic Commercialization Strategies for Disruptive Technologies : Evidence from the Speech Recognition Industry
Marx, Matt - 2015
commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …
Persistent link: https://www.econbiz.de/10013034526