on innovation activities. In addition, we find that price-based policy instruments are more effective in fostering …

margin innovation decision (i.e. whether to conduct innovation) from the intensive margin decision (i.e. how much to innovate … innovation towards REN and away from FF technologies. Yet, we find that these factors have a larger impact on closing the … technology gap through the entry (and exit) of small specialized firms, rather than through large mixed firms' innovation. An …