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We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation-in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to clean...
Persistent link: https://www.econbiz.de/10010929533
There is substantial heterogeneity across industries in the level of interdependence between new and old technologies. I propose a measure of this interdependence—an index of sequentiality in innovation—which is the transfer rate of patents in a particular industry. I find that...
Persistent link: https://www.econbiz.de/10010929534
We consider lotteries with reimbursements. It turns out that without loss of generality it is enough analyze lotteries where the winner gets her expenses reimbursed. We find that such a lottery (Sad-Loser) has multiple pure-strategy equilibria. We describe all equilibria and discuss their...
Persistent link: https://www.econbiz.de/10005200526
This paper is an empirical investigation of the assumption that parents who carry more dominated cultural traits in a population and wish to transmit these traits to their offsprings, do socialize more their children, i.e., they intensify parent-child relation. We focus on fertility preference,...
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