| Economic Approaches to Innovation |  | Creator: Steve Dowrick
Publisher: Edward Elgar Pub
Category: Book
List Price: $155.00
Buy New: $113.15
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Seller: Amazon.com
Sales Rank: 3,176,070
Media: Hardcover
Pages: 221
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.3 x 6.3 x 0.9
ISBN: 1858982480
Dewey Decimal Number: 338.064
EAN: 9781858982489
ASIN: 1858982480
Publication Date: July 1995
Availability: Usually ships in 24 hours
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Product Description
Economic modelling of innovation demands a great deal from economists since it requires them to analyze the new and unknown. This volume brings together contributions from a distinguished group of scholars who review a wide range of different theoretical and empirical economic approaches to this important topic. Beginning with a survey of recent economic analysis on the role of innovation in driving growth, this volume features papers on the mainstream approaches to the welfare economics of innovation, the pitfalls and delays involved in bringing major inventions to market and the public subsidy of research. Later chapters in the book examine pricing strategies for new products, models of productivity growth, knowledge spillovers across national boundaries and the effect of innovation on income distribution. While recognising the many non-economic factors needed to explain innovation, this text demonstrates that economic analysis has much to offer in its modelling of key concepts such as uncertainty, private information, incentives and public goods.
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