paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …

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 …

income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which …

of factors highlighted in the theory are shown to be important in accounting for delegation, such as heterogeneity and …

' decisions whether to innovate “clean” or “dirty”. We first develop a step-by-step innovation model to capture the basic … quantify the theory, we bring together patent data, survey data on environmental values, and competition measures. Using a … green innovation as major increase in fuel prices …