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Carbon taxes, path dependency and directed technical change : evidence from the auto industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 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/10009687266

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - Institut für Schweizerisches Bankwesen <Zürich> - 2007

This paper analyzes the relationship between the diffusion of new technologies and the decentralization of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the other hand, delegates authority to...

Persistent link: https://www.econbiz.de/10005857786

Innovation and institutional ownership

Aghion, Philippe; Van Reenen, John; Zingales, Luigi - 2010

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to … be due to endogenous selection. -- Career Concerns ; Innovation ; Institutional Ownership ; Productivity and R&D …

Persistent link: https://www.econbiz.de/10008735730