We study the innovation and diffusion of technology at the industry level. We derive the full dynamic paths of an …

innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may … be particularly conducive to innovation, and demonstrates that, in general, the optimal policies of the leader should … industrial policies, public investments, and systems of social protection), not only leading to more innovation, but ensuring …

The "market for innovation" -- the sale and licensing of patents -- is an often discussed source of incentives to … assumptions, allows us to quantify the gains resulting from the transfer of patents in the market for innovation. The gains from …

fertility of an innovation in generating more innovations cannot be observed. The menu of patent scope can be implemented with …

, the forces of innovation and diffusion combine to shape trade substitution patterns. Innovation makes a country … technological similarity and increases head-to-head competition. In the special case of an innovation-only model where countries do … observable trade flows and the dynamics of innovation and knowledge diffusion …

This paper is an attempt to explain diffusion in the production of an innovation. Diffusion in production is defined as … innovation. The principal variable that explains diffusion of entry is the demonstration effect. The principal variable that …

). We present models in the literature that extend the EK model of trade to innovation, diffusion, and multinational firms …

development of new energy technologies (Popp, 2017). Energy innovation tends to consist of a series of partially overlapping …