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Carbon taxes, path dependency and directed technical change : evidence from the auto industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 2012

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10009687266

Product market competition, creative destruction and innovation

Griffith, Rachel; Van Reenen, John - 2021

We examine the economic analysis of the relationship between innovation and product market competition. First, we give … idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent …

Persistent link: https://www.econbiz.de/10012799785

The effects of privatization on R&D investments and patent productivity

Munari, Federico; Sobrero, Maurizio - 2002

Over the last two decades privatization programs in different countries radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical relationship between changes in the firm's principal-agent structure following privatization, and...

Persistent link: https://www.econbiz.de/10011597627

Are ideas getting harder to find?

Bloom, Nicholas; Jones, Charles I.; Van Reenen, John; … - 2017 - September 6, 2017 - Version 1.0

Persistent link: https://www.econbiz.de/10011775704

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - Institut für Schweizerisches Bankwesen <Zürich> - 2007

This paper analyzes the relationship between the diffusion of new technologies and the decentralization of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the other hand, delegates authority to...

Persistent link: https://www.econbiz.de/10005857786

Innovation and institutional ownership

Aghion, Philippe; Van Reenen, John; Zingales, Luigi - 2010

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to … be due to endogenous selection. -- Career Concerns ; Innovation ; Institutional Ownership ; Productivity and R&D …

Persistent link: https://www.econbiz.de/10008735730

Corporate governance practices and companies' R&D orientation : evidence from European countries

Honoré, Florence; Munari, Federico; Van Pottelsberghe … - 2011

This paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. Two databases - one on governance ratings and the other on R&D intensity - are merged to obtain a multi-country, multi-sector sample of 279 European companies involved in R&D...

Persistent link: https://www.econbiz.de/10008907733

Privatization and R&D performance : an empirical analysis based on Tobin's q

Munari, Federico; Oriani, Raffaele - 2002

innovation related assets on the firm's market value (Griliches, 1981). We estimate the regression model on an original panel …

Persistent link: https://www.econbiz.de/10011597652