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This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...
Persistent link: https://www.econbiz.de/10011382078
instruments such as energy-related taxes, subsidies, standards and negotiated agreements, or other regulations on the firm … impacts of policy on the adoption of green energy technologies for distinct areas. In a second set of equations, we estimate … the perceived impacts of adoption on the firm's energy efficiency, carbon emissions and competitiveness. The results …
Persistent link: https://www.econbiz.de/10011742717
Persistent link: https://www.econbiz.de/10013263128
In a domestic market, a duopoly produces a homogeneous final good, pollution, pollution abatement, and R&D, which reduces abatement cost. One of the firms (foreign) has superior technology. The government regulates the duopoly by levying a pollution tax to maximize domestic welfare. We consider...
Persistent link: https://www.econbiz.de/10013252755
This paper studies the asset pricing implications of technology spillover, an important externality in innovation. While technology spillover enables firms to produce a variety of products that better satisfy their customers' love for variety, such benefits are procyclical, and investors...
Persistent link: https://www.econbiz.de/10012854307
Persistent link: https://www.econbiz.de/10014228017
policy instruments, such as energy related taxes, subsidies, regulations and standards or negotiated agreements on the firm … impacts of policy on the adoption of green energy technologies for distinct areas. In a second set of equations, we estimate … the perceived impacts of adoption on the firm's (i) energy efficiency, (ii) carbon emissions and (iii) competitiveness …
Persistent link: https://www.econbiz.de/10011573225
The Porter hypothesis predicts that the win-win goals of environmental improvement and economic performance can be achieved though technological innovation, but it remains to be tested in elaborated ways. Explicitly identifying the role of environmental regulation and finely clarifying the scope...
Persistent link: https://www.econbiz.de/10014388832
This paper studies the diffusion of multiple, related technologies among firms. The results suggest an endogenous acceleration mechanism of technology adoption: The more advanced a firm is in using a particular set of technologies, the more likely it is to adopt additional, related technologies....
Persistent link: https://www.econbiz.de/10011377052
technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related …
Persistent link: https://www.econbiz.de/10014023934