Merger Policy and Innovation: Must Enforcement Change to Account for Technological Change?

Microeconomic Policy and Technological Change

My assigned topic is the question: Can policymakers spur or deter technological change? The question is to be addressed from a micro perspective, by examining policies regarding research and development (R&D), patents, and competition. Since there is no point in keeping the reader in suspense, I shall argue that government policy plays a major role in influencing the rate of technological chang...

Environmental Policy and Technological Change

The relationship between technological change and environmental policy has received increasing attention from scholars and policy makers alike over the past ten years. This is partly because the environmental impacts of social activity are significantly affected by technological change, and partly because environmental policy interventions themselves create new constraints and incentives that a...

Framing Innovation Policy for Transformative Change: Innovation Policy 3.0

Climate Change Policy Targets and the Role of Technological Change

In this paper, we present results of simulation experiments with the TIME-model on the issue of mitigation strategies with regard to greenhouse gases. The TIME-model is an integrated system dynamics world energy model that takes into account the fact that the system has an inbuilt inertia and endogenous learning-by-doing dynamics, besides the more common elements of priceinduced demand response...

The Induced Innovation Hypothesis and Energy-Saving Technological Change

We develop a methodology for testing Hick’s induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests: (i) the rate of overall innovation was independent of energy prices and regulations, (ii) the direction of in...