This paper addresses the timing and interdependence between innovation and environmental policy in a model of research … and development (R&D). On a first-best path the environmental tax is set at the Pigouvian level, independent of innovation …. However, with finite patent lifetime, optimal innovation policy depends on the stage of the environmental problem. In the …

This study explores the influence of trade policy uncertainty on medical innovation investment in developing nations … reducing tariff uncertainty boosts innovation beyond patent filings and margin reaction and exports. Long-term impacts of … the findings. This paper also shows a long-term link between medical innovation, trade policy uncertainty, and research …

We develop a dynamic duopoly model of R&D competition to improve the quality of a finalgood. The innovation process is … other hand, depends onthe relative magnitudes of the costs of initial innovation and improvements. In particular, aresearch …

profitability of an invention in one sector increases if there is an innovation in another sector. Interpreting intrasectoral R …

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …