reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …

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 …

the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

innovation. in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …

innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …

“cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …