Exploration is both a risky activity and a key ingredient in the strategy of firms that strive for radical innovations. This paper investigates a dual facet of the exploratory component of R&D activities with regards to innovation failures: while exploration increases firms' exposure to failure,...

The present study explores the technological complementarities between green and nongreen inventions. First, we look at whether inventive activities in climate-friendly domains depend on patenting in related technological domains that are not green. Based on patent data filed over the...

The analysis of the interactions between natural resource scarcity, technological innovation and the dynamics of eco- nomic systems has a long-standing tradition in economics. During the 1980s and the early 1990s, a new phase of these interactions initiated under the effects of technological...