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discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …
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in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of … new firms, new sectors, and thus new jobs. But even for process innovation, the final impact on labor demand is shaped by … impede them. Policies should maximize the job-creation effect of product innovation and minimize the direct labor …
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of innovation and technological change. This tradition focused on the innovation production function however it was … aspatial or insensitive to issues involving location and geography. However, empirical results hinted that knowledge production … spatial dimension. Location and geographic space have become key factors in explaining the determinants of innovation and …
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It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...
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