I present a model of industry dynamics resulting from competition between forward looking, heterogeneous firms that face three simultaneous challenges: learning in the process of production, competing against new entrants able to imitate best practice (albeit imperfectly), and enduring...

The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate-friendly technologies and encourages technology transfer. The CDM has provided financial support for a large share of Chinese wind projects since 2002. Using pooled...

We present an analysis of microlevel data from mountaineering on the 14 peaks over 8,000 m in height during the period 1895-1998. Prior to 1950, no expedition was successful in making an ascent and almost half of expeditions experienced a death, frostbite, or altitude sickness. By the 1990s,...

The paper aims to identify both the major changes that have occurred in the energy sector during the past thirty years and the key driving forces that explain these changes. After a review of the key concepts provided by economic theory in order to analyse technical change in Section 2, Section...

This paper explores various dimensions of the learning process for low-carbon technologies under different mitigation scenarios. It uses the POLES model, which addresses learning as an endogenous phenomenon with learning curves, and a set of scenarios developed as part of the AMPERE project. It...

The theoretical literature on endogenous growth and international trade suggests that comparative advantage is endogenous. Sector-specific learning by doing and technology transfer respectively provide reasons why initial patterns of international specialization may persist or exhibit mobility...

This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with technological change through R&D and the second with LbD. We study the interaction between...

Technological change at the firm level has commonly been modeled as random sampling from a fixed distribution o f possibilities. Such models, however, typically ignore empirically important aspects of the firm's search process, notably the observation that the present state of the firm guides...

We study oligopoly price competition between multiproduct firms---firms whose products interact in the profit function. Specifically, we focus on the impact of intrafirm product interactions on the level of equilibrium profits. This impact may be decomposed in two different ways: (a) a direct...