This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the … uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon … technological advancement yields higher investments in innovation and lower policy costs. We then confirm the results via a …

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 …

The study of innovation and technological change is an increasing field of economic enquire because innovation can be … considered a major engine of growth. This paper is concerned with the determinants of innovation and technological change …

This paper investigates the connection between resource abundance and innovation, as a transmission mechanism that can …, consumers trade off leisure versus consumption, and firms trade off innovation efforts versus manufacturing. For this model, we … indirectly by inducing a smaller proportion of the labor force to engage in innovation. …