Economic Approaches to Innovation - Hardcover

Hardcover

ISBN 10: 1858982480 ISBN 13: 9781858982489

Publisher: Edward Elgar Publishing Ltd, 1995

Synopsis

Economic modelling of innovation demands a great deal from economists since it requires them to analyse 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 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, Economic Approaches to Innovation demonstrates that economic analysis has much to offer in its modelling of key concepts such as uncertainty, private information, incentives and public goods.

About this title

About the Author

Edited by the late Steve Dowrick, formerly Senior Fellow in the Research School of Social Sciences, Australian National University

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 1995
• Language: English
• ISBN 10: 1858982480
• ISBN 13: 9781858982489
• Binding: Hardcover
• Number of pages: 240
• Editor: Dowrick Steve