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Innovation Market Failures and the Design of New Climate Policy Instruments

Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023

Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized U.S. climate policy over the last decade, recent climate-related legislation has transformed not only the scale of U.S. climate activities but also the...

Persistent link: https://www.econbiz.de/10014337854

Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution

Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...

Persistent link: https://www.econbiz.de/10014372414

Induced Innovation, Inventors, and the Energy Transition

Dugoua, Eugenie; Gerarden, Todd - National Bureau of Economic Research - 2023

We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that...

Persistent link: https://www.econbiz.de/10014421213

Do Technology Standards Induce Innovation in Environmental Technologies When Coordination is Important?

Gregoire-Zawilski, Myria; Popp, David - National Bureau of Economic Research - 2023

If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative grid modernization and renewables integration technologies will be needed. Few studies have investigated the policy determinants of innovation in this sector to glean insights on...

Persistent link: https://www.econbiz.de/10013537766

Environmental Economics, Regulation, and Innovation

Greaker, Mads; Popp, David - National Bureau of Economic Research - 2022

This paper provides a primer on the economics of environmental innovation. Our intention is not to write a pure review paper, but to also provide an up-to-date textbook treatment on the issue. Thus, we start by defining the marginal costs of both emissions and of emissions abatement. We then...

Persistent link: https://www.econbiz.de/10013388770

The Next Wave of Energy Innovation : Which Technologies? Which Skills?

Popp, David; Vona, Francesco; Gregoire-Zawilski, Myriam; … - National Bureau of Economic Research - 2022

The costs of low-carbon energy fell dramatically over the past decade, leading to rapid growth in its deployment. However, many challenges remain to deploy low-carbon energy at a scale necessary to meet net zero carbon emission targets. If net zero goals are to be met, developing complementary...

Persistent link: https://www.econbiz.de/10013361997

Tracking Firm Use of AI in Real Time : A Snapshot from the Business Trends and Outlook Survey

Bonney, Kathryn; Breaux, Cory; Buffington, Cathy; … - National Bureau of Economic Research - 2024

based on the Business Trends and Outlook Survey for September 2023 to February 2024. During this period, bi-weekly estimates …

Persistent link: https://www.econbiz.de/10014528359

Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...

Persistent link: https://www.econbiz.de/10014226119

Appropriate Entrepreneurship? The Rise of China and the Developing World

Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - National Bureau of Economic Research - 2024

Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on … global venture activities, we show that as the Chinese venture industry rose in importance, entrepreneurship increased …

Persistent link: https://www.econbiz.de/10014512047

Immigrant Entrepreneurs and Innovation in the U.S. High-Tech Sector

Brown, J. David - 2019

. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner …

Persistent link: https://www.econbiz.de/10012479519