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Competing engines of growth: innovation and standardization
Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - Institut für Volkswirtschaftslehre, … - 2010
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 adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10008621792
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Competing Engines of Growth: Innovation and Standardization
Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - National Bureau of Economic Research (NBER) - 2010
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 adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10008628444
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Competing engines of growth: Innovation and standardization
Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 2010
We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10010849616
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Competing engines of growth: Innovation and standardization
Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - In: Journal of Economic Theory 147 (2012) 2, pp. 570-601
We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10010576552
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Experimentation, Patents, and Innovation
Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman - In: American Economic Journal: Microeconomics 3 (2011) 1, pp. 37-77
This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge. Each firm receives a signal on the success probability of a project and...
Persistent link: https://www.econbiz.de/10008804879
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Innovation Network
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2016
strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong … innovation for a particular technology class to build on, then that technology class innovates more. …
Persistent link: https://www.econbiz.de/10011584872
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Innovation Network
Acemoglu, Daron - 2016
strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong … innovation for a particular technology class to build on, then that technology class innovates more …
Persistent link: https://www.econbiz.de/10012977470
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Innovation network
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2016
strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong … innovation for a particular technology class to build on, then that technology class innovates more. …
Persistent link: https://www.econbiz.de/10011557905
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - 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 adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10014195649
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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 adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10013069970