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 …

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

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to innovation-based strategy with …

This paper investigates the effect of (potential) market size on entry of new drugs and pharmaceutical innovation …