| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Special Interests and Technological Change | |
| Gianmarco I.P. Ottaviano; Giorgio Bellettini | |
| 发表日期 | 2003 |
| 出处 | Economy and Society |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We study an OLG economy where productivity growth comes from two alternative sources: process innovation and learning-by-doing. There is a trade-off between the two in so far as frequent technological updates reduce the scope for learning on existing technologies. A conflict is shown to arise between the young and the old, because the former favor innovation while the latter prefer learning. We model the interaction between overlapping generations and policy makers as a dynamic common agency problem, where competing generations invest a certain amount of resources to lobby either for the maintenance of the current technology or the adoption of a new one. By focusing on truthful Markov perfect equilibria, we characterize the political equilibrium and show its dependence on the underlying demographic, technological and preference parameters. |
| 特色分类 | C72,C73,D72,O38,O41 |
| 关键词 | Technological change,Technology option,Pressure goups,Dynamic common agency |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/special-interests-and-technological-change/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116887 |
| 推荐引用方式 GB/T 7714 | Gianmarco I.P. Ottaviano,Giorgio Bellettini. Special Interests and Technological Change. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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