relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …

Despite growing empirical evidence of the link between environmental policy and innovation, most economic models of … innovation in the energy sector. Ignoring induced technological change overstates the welfare costs of an optimal carbon tax …, as the effect of induced innovation on emissions and mean global temperature is small. Sensitivity analysis shows that …

technology, opportunity costs of research limit the role induced innovation can play. Moreover, since the backstop technology …