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What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion. Assuming that knowledge...
Persistent link: https://www.econbiz.de/10010968934
This paper proposes a Schumpeterian growth model generalizing the existing theory: we exploit the Salop (1979) formalization of circular product differentiation to take into account the fact that knowledge can diffuse variously among R&D sectors, ranging from local to global diffusion. We...
Persistent link: https://www.econbiz.de/10011187968
Cet article présente un modèle de croissance schumpetérien, qui généralise la théorie existante : nous utilisons la différenciation circulaire du modèle de Salop [1979] pour prendre en compte le fait que la connaissance se diffuse, avec plus ou moins d’ampleur, entre les secteurs de...
Persistent link: https://www.econbiz.de/10010780280
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion. Assuming that knowledge...
Persistent link: https://www.econbiz.de/10011004750
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
Persistent link: https://www.econbiz.de/10010748305
Persistent link: https://www.econbiz.de/10009137107
We study an economy in which a final good is produced by two sectors. One uses a non-renewable and polluting resource, the other a renewable and clean resource. A specific type of research is associated to each sector. The public authorities levy a carbon tax and simultaneously subsidize both...
Persistent link: https://www.econbiz.de/10011189073
The "green paradox" literature points out that environmental policies which are anticipated to become gradually more stringent over time may induce a more rapid extraction of fossil fuels, thus having a detrimental effect to the environment. The manifestation of such phenomena has been...
Persistent link: https://www.econbiz.de/10010852315
The possibility of capturing and sequestering some fraction of the CO2 emissions arising from fossil fuel combustion, often labeled as carbon capture and storage (CCS), is drawing an increasing amount of attention in the business and academic communities. We present here a model of endogenous...
Persistent link: https://www.econbiz.de/10010968956
Persistent link: https://www.econbiz.de/10005767412