This paper investigates the effects of uncertainty emanating from technological im-provements on the optimal lifetime … technological change. From the analysis it turns out that in general this type of uncertainty shortens the optimal lifetime of … assets. More specifically, the analysis shows that: replacement under uncertainty leads to optimal lifetimes of assets that …

uncertainty and learning. We explicitly consider the interplays between induced innovation, the stringency of environmental …, but at the same time it can significantly decrease with induced innovation and knowledge spillovers that might otherwise …

technologies (CET) has been checkered. Haphazard investment activity in the early 2000s paired with high-profile failures of once …-promising CET ventures to produce a general reticence toward CETs in the investment community. Since then, attitudes regarding the … potential for financial venture capital or public policy to meaningfully reintroduce vigor in CET innovation have been …

In case of a product innovation firms start producing a new product. While doing so, such a firm should decide what to … technology, increases over time. The implication is that a later innovation enables the firm to produce a better innovative … product market, the better the quality of the innovative product needs to be for the product innovation to be optimal …

technological regimes (that is, firms that do and do not adopt the disruptive innovation). We show that adoption, implementation …

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …