Quantitative Growth Effects of Subsidies in a Search Theoretic R&D Modal, Science, Technology and the Economy Program (STE) – Working Papers Series STE-WP-16-2002
Should government subsidize R&D and does it matter how these subsidies are allocated? We examine these questions in a dynamic model where R&D is described as sequential sampling from a distribution of new ideas. Successful discoveries affect future available resources and incentives for further R&D. Consequently, there may be under-investment in R&D. We study the […]
Alternatives for Reducing Greenhouse Gas Emissions in Israel (Hebrew)
This policy paper is a first attempt to determine a national policy for the State of Israel to reduce greenhouse gas (GHG) emissions. The paper is based on a thorough breakdown of the sources of GHG emissions and describes the different technical means that may reduce GHG emissions under the special conditions characteristic of Israel. […]