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Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - C.E.P.R. Discussion Papers - 2012

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10011084407

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883

Asymmetric Information, Agency Costs and Innovative Entry

Audretsch, David B - C.E.P.R. Discussion Papers - 1994

the value of their potential innovation in industries characterized by a greater degree of knowledge asymmetries. Based on …

Persistent link: https://www.econbiz.de/10005791501

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605

The Rules of Standard Setting Organizations: An Empirical Analysis

Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...

Persistent link: https://www.econbiz.de/10005792070

Incentives to Innovate and the Decision to Go Public or Private

Ferreira, Daniel; Manso, Gustavo; Silva, André C. - C.E.P.R. Discussion Papers - 2010

. Innovation requires the exploration of new ideas with potential advantages but unknown probability of success. We show that it is … equity to innovation and creative destruction and also generates new predictions concerning the determinants of going public …

Persistent link: https://www.econbiz.de/10008468600

Financial constraints and innovation: Why poor countries don't catch up

Gorodnichenko, Yuriy; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2010

constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … these constraints force export and innovation activities to become substitutes even when these activities are natural …

Persistent link: https://www.econbiz.de/10008468676

Employment Protection, International Specialization, and Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1996

This paper develops a model to analyse the implications of firing costs on incentives for R&D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labour market will tend to produce relatively secure goods, at late stages in their product...

Persistent link: https://www.econbiz.de/10005136526

Endogenous Innovation Spillovers and Technology Policy

Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1996

We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to make a number of distinctions that are ignored in the...

Persistent link: https://www.econbiz.de/10005136627

Innovative Clusters and the Industry Life Cycle

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to link the propensity for innovative activity to cluster spatially to the stage of the industry life cycle. The theory of knowledge spillovers, based on the knowledge production function for innovative activity, suggests that geographic proximity matters most in...

Persistent link: https://www.econbiz.de/10005497876