Showing 1 - 10 of 1,382
We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model...
Persistent link: https://www.econbiz.de/10011377094
Persistent link: https://www.econbiz.de/10011308181
Persistent link: https://www.econbiz.de/10013167468
Technology can affect the distribution of income directly via its influence on both the bargaining power of different parties and the marginal product of different factors of production. This paper focuses mainly on the first route. The role of power is transparent in the case of medieval choke...
Persistent link: https://www.econbiz.de/10010192445
Persistent link: https://www.econbiz.de/10011589167
Persistent link: https://www.econbiz.de/10011597966
Persistent link: https://www.econbiz.de/10012152271
Persistent link: https://www.econbiz.de/10011741487
We consider technology choices between green and brown technologies by firms. We use insights from complexity theory and also take account of true uncertainty in designing public policy. The green technology offers relatively higher returns to scale from adoption, and there are type-contingent...
Persistent link: https://www.econbiz.de/10014251250
The process of industrialization was accompanied by the switch from household production to firm production. The industrialization process was also a process of population growth, the appearance of general-purpose technologies, and the expansion of international trade. This paper studies the...
Persistent link: https://www.econbiz.de/10013454217