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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
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 …
Persistent link: https://www.econbiz.de/10014226119
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Market Size in Innovation : Theory and Evidence from the Pharmaceutical Industry
Acemoglu, Daron; Linn, Joshua - 2015
This paper investigates the effect of (potential) market size on entry of new drugs and pharmaceutical innovation …
Persistent link: https://www.econbiz.de/10014075002
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Innovation network
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2016
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10011557905
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Mirage on the horizon : geoengineering and carbon taxation without commitment
Acemoglu, Daron; Rafey, Will - 2018
We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...
Persistent link: https://www.econbiz.de/10011820231
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Innovation Network
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2016
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10011584872
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The environment and directed technical change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - 2010
dirty innovation and production; (ii) optimal policy involves both 'carbon taxes' and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10010272399
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Innovation, reallocation and growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10012148193
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Innovation by Entrants and Incumbents
Acemoglu, Daron - 2010
We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more “radical” innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both...
Persistent link: https://www.econbiz.de/10013137809
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 2014
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 …
Persistent link: https://www.econbiz.de/10013069970
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Innovation Network
Acemoglu, Daron - 2016
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10012977470