Entrepreneurs bear substantial risk, but empirical evidence shows no sign of a positive
premium. This paper develops a theory of endogenous entrepreneurial risk taking that …

El progreso tecnológico y la innovación se muestran en la actualidad como las vías más
claras de la evolución, las cuales tienen una trascendencia relevante en el campo de la …

The aim of this paper is to examine the impact of risk, adoption costs and institutional
development on the diffusion of technology. We take a comprehensive approach to …

In many urban settings around the world the severity of water scarcity has induced changes
in household behavior, leading to reduction in the volume of water demanded. One of the …

This paper shows that the cost as well as the effectiveness of technology has a differential
impact on technology adoption under two alternative modes of competition. If the cost of the …

We revisit the notion of “appropriate technology” considered in Basu and Weil (1998)
whereby technologies that are more capital intensive are adopted only after a certain level of …

We develop a model of optimal pattern of economic development that is first rooted in
physical capital accumulation and then in technical progress. We study an economy where …

We study the optimal timing of adoption of a cleaner technology and its effects on the rate of
growth of an economy in the context of an AK endogenous growth model. We show that the …

New technology has been credited with solving environmental problems by mitigating the
effects of pollutants. We construct a general equilibrium model in which abatement …

The stylized facts that motivate this article include the diversity in growth patterns that are
observed across countries during the process of economic development and the divergence …