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environmental regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on … investment by a polluting firm. Second, we specify the conditions characterizing efficient investment. Third, we study the impact … of an unanticipated increase in innovation on the polluting firm's steady state capital stock. Fourth, we analyze the …
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framework and a test on innovation data from several European cities. This framework is mainly built on the product life …
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