over time as a result of various cumulative improvements. In this paper, we study the strategic interaction between …

Promoting policies to stimulate innovation and promote the absorptive capacity at national level, by analysing the relationship … between FDI inward flows and a set of innovation and absorptive capacity indicators. Results show that the gap between …

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 …

present value of its profit stream in a continuous-time infinite-horizon framework by setting participation fees or quantities …