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Environmental regulations have consistently been found to spur innovation in "clean" technologies, with one significant exception. Past cap-and-trade programs have encouraged adoption of existing pollution control technologies, but had little effect on innovation. Several explanations have been...
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We develop a model in which ex ante identical firms make endogenous entry and technology adoption decisions. We show that this model is capable of matching the stylized facts in which entry and adoption are dispersed over time and that, in many industries, it is the newest firms which are the...
Persistent link: https://www.econbiz.de/10011803815
Innovation and Institutions is an extensive elaboration on the make up of systems of innovation. It examines why some countries are more innovative than others, why national styles of innovation differ, and goes on to explore why some countries make radical innovations but fail to successfully...
Persistent link: https://www.econbiz.de/10011852084
), 'A Survey of the Theory of Process-Innovations', Economica, XXX (117), February, 13-32 -- Syed Ahmad (1966), 'On the … Theory of Induced Invention', Economic Journal, 76 (302), June, 344-57 -- M.I. Kamien and N.L. Schwartz (1969), 'Induced …. Nordhaus (1969), 'An Economic Theory of Technological Change', American Economic Review, Papers and Proceedings, LIX (2), May …
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