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Market Structure and Innovation (Cambridge Surveys of Economic Literature) - Softcover

Kamien, Morton I.; Schwartz, Nancy L.

 
9780521293853: Market Structure and Innovation (Cambridge Surveys of Economic Literature)
Softcover
ISBN 10: 0521293855 ISBN 13: 9780521293853
Publisher: Cambridge University Press, 1982

Synopsis

Technical advance requires resources and is motivated by the quest for profits; therefore, the rate and direction of advance is determined by the economic system. Recognition of this fact has focused attention on the performance of the market economy in the allocation of resources to technical advance, and the consequent body of research is surveyed and synthesised in this book. The theories of market structure and innovation proposed by Schumpeter, Galbraith, Arrow, Schmookler, Scherer, Mansfield, Phillips, Barzel, Kamien and Schwartz, Loury, Nelson and Winter, Grabowski, Dasgupta and Stiglitz, and others are presented in an integrated form. These theories deal with the nature of competition, the incentives to innovate and the pace of innovative activity under different market structures, and the existence of a market structure that yields the most rapid rate of innovation. In addition, the findings of seventy empirical studies dealing with various facets of the microeconomics of technical innovation are presented. The book is designed to be accessible to economists working in a variety of situations - in universities, business and government - and who are concerned with questions of technical innovation. It is also suitable for senior-level undergraduates and first year graduate students approaching the subject in a comprehensive way for the first time.

"synopsis" may belong to another edition of this title.

Book Description

This book examines the question of technical progress and its relation to economic growth. The authors review the main theories of market structure and innovation, as well as seventy empirical studies dealing with various facets of the microeconomics of technical innovation.

"About this title" may belong to another edition of this title.

Publisher
Cambridge University Press
Publication date
1982
Language
English
ISBN 10 
0521293855
ISBN 13 
9780521293853
Binding
Paperback
Number of pages
256