Economics of Innovation: Importance, Downsides, and Efficiency

In course

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Description

This lecture explores the importance of innovation for the energy transition, discussing its benefits and downsides such as unsustainable innovation and market failures. It delves into static versus dynamic efficiency, fixed costs, lock-in effects, path dependency, and time lags in environmental and climate policy making.

Instructors (3)

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Official source

https://mediaspace.epfl.ch/media/0_rftducma

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Ontological neighbourhood

Economics

Macroeconomics: Markets

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