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Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

Persistent link: https://www.econbiz.de/10014226119

Weather, Climate, and Technology Adoption : An Application to Drought-Tolerant Corn in the United States

McFadden, Jonathan R.; Smith, David; Wallander, Steven - National Bureau of Economic Research - 2022

Crop farmers have few short-run options for reducing downside production risk from changes in drought frequency and intensity due to ongoing climate change. However, one recently available option is drought-tolerant (DT) varieties. We determine how recent drought exposure, drought risk, and...

Persistent link: https://www.econbiz.de/10013334340

Do Technology Standards Induce Innovation in Environmental Technologies When Coordination is Important?

Gregoire-Zawilski, Myria; Popp, David - National Bureau of Economic Research - 2023

If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative … determinants of innovation in this sector to glean insights on how government may support the development and deployment of these … technologies. We argue that policies that were successful at supporting the first wave of renewables innovation may not be …

Persistent link: https://www.econbiz.de/10013537766

Intellectual Property Protection Lost and Competition : An Examination Using Machine Learning

Acikalin, Utku U.; Caskurlu, Tolga; Hoberg, Gerard; … - National Bureau of Economic Research - 2022

We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and …

Persistent link: https://www.econbiz.de/10013462719

Distorted innovation: does the market get the direction of technology right?

Acemoglu, Daron - 2023

Persistent link: https://www.econbiz.de/10014245524

Tracking Firm Use of AI in Real Time : A Snapshot from the Business Trends and Outlook Survey

Bonney, Kathryn; Breaux, Cory; Buffington, Cathy; … - National Bureau of Economic Research - 2024

Timely and accurate measurement of AI use by firms is both challenging and crucial for understanding the impacts of AI on the U.S. economy. We provide new, real-time estimates of current and expected future use of AI for business purposes based on the Business Trends and Outlook Survey for...

Persistent link: https://www.econbiz.de/10014528359

Designing Dynamic Subsidies to Spur Adoption of New Technologies

Langer, Ashley - 2018

We analyze the efficient subsidy for durable good technologies. We theoretically demonstrate that a policymaker faces a tension between intertemporally price discriminating by designing a subsidy that increases over time and taking advantage of future technological progress by designing a...

Persistent link: https://www.econbiz.de/10012453404

Innovation Networks in the Industrial Revolution

Rosenberger, Lukas - 2024

Industrial Revolution? We argue that Britain possessed an important but underappreciated innovation advantage: British inventors … worked in technologies that were more central within the innovation network. We offer a new approach for measuring the … innovation network using patent data from Britain and France in the late-18th and early-19th century. We show that the network …

Persistent link: https://www.econbiz.de/10015056202

A Penny for Your Thoughts

Hanlon, W. Walker; Heblich, Stephan; Monte, Ferdinando; … - National Bureau of Economic Research - 2022

How do communication costs affect the production of new ideas and inventions? To answer this question, we study the introduction of the Uniform Penny Post in Great Britain in 1840. This reform replaced the previous system of expensive distance-based postage fees with a uniform low rate of one...

Persistent link: https://www.econbiz.de/10013210104

Preparing for the (Non-Existent?) Future of Work

Korinek, Anton; Juelfs, Megan - National Bureau of Economic Research - 2022

This paper considers the labor market and distributional implications of a scenario of ever-more-intelligent autonomous machines that substitute for human labor and drive down wages. We lay out three concerns arising from such a scenario and evaluate recent predictions and objections to these...

Persistent link: https://www.econbiz.de/10013334391