Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

dirty innovation and production; (ii) optimal policy involves both 'carbon taxes' and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values … and with sufficient substitutability between inputs, it is optimal to redirect technical change towards clean technologies …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite … career-concern model allows for complementarity. Empirically, we reject substitution effects. Second, CEOs are less likely to …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … in the top 1% income share between 1975 and 2010. Finally, we show that innovation does not increase broader measures of … inequality which do not focus on top incomes, and that innovation is positively correlated with social mobility, but less so in …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

relationship between competition and innovation, Aghion, Dewatripont and Rey (1999) showed that this could be reversed if agency …-maximizing framework in which incumbent firms innovate to escape competition, there will be complementarity between increased product …) enhances the performance of old firms, which is suggestive of a role if agency effects and hence of policy substitutability and …

dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values … and with sufficient substitutability between inputs, it is optimal to redirect technical change towards clean technologies …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite … career-concern model allows for complementarity. Empirically, we reject substitution effects. Second, CEOs are less likely to …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …