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This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
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The literature on environmental R&D frequently studies innovation as a two-stage process, with a single R&D event … leading from a conventional polluting technology to a perfectly clean backstop. We allow for uncertainty in innovation in that … once. Using and externding recent results from multi-stage optimal control theory, we provide a full characterization of …
Persistent link: https://www.econbiz.de/10003592670
We examine how different renewable energy support policies affect innovation in solar and wind power technologies. The … distinguishing two dimensions of regulation, i.e. design and intensity, and their effects on innovation. The patent data is based on …, the positive effect on patenting activity increases significantly over time with an increase in the duration of the …
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Using data from a randomised experiment in Kenya, we estimate the causal effect of social networks on technology adoption. In this experiment, farmers were invited to information sessions about the use of Tissue Culture Banana (TCB), an in vitro banana cultivation technology. We find that an...
Persistent link: https://www.econbiz.de/10013230019
invests in horizontal and vertical innovations. We posit that learning-by-doing makes the process of quality improvements a …
Persistent link: https://www.econbiz.de/10011640584
In many countries, inducing large-scale technological changes has become an important policy objective, as in the context of climate policy or energy transitions. Such large-scale changes require the development of strongly interlinked technologies. But current economic models have little...
Persistent link: https://www.econbiz.de/10011702423
We study the potential of cooperation in global emission abatements with multiple externalities. Using a two-country model without side-payments, we identify the strategic effects under different timing regimes of cooperation. We obtain a positive complementarity effect of long-term cooperation...
Persistent link: https://www.econbiz.de/10009381844