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Technology Adoption and Optimal Policy

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NBER2026-05-01 更新2026-05-09 收录
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https://www.nber.org/papers/w35133
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资源简介:
We study optimal policy in a dynamic general equilibrium model where heterogeneous monopolistic competitive firms pay a fixed cost to adopt a frontier technology that grows exogenously. Using Mean Field Games tools, we show that the optimal policy consists of exactly two time-invariant subsidies:
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2026-05-01
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