Economists use a wide range of approaches to understand the sources and impact of innovation. This volume brings together recent contributions from a distinguished and diverse group of scholars who review the current range of economic analyses.

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Bibliographic Details

Title: Economic Approaches to Innovation
Publisher: Edward Elgar Publishing Company
Publication Date: 1995
Language: English
ISBN 10: 1858982480
ISBN 13: 9781858982489
Binding: Hardcover
Edition: 1st Edition
Condition: Very Good
Dust Jacket Condition: Very Good
Weight: 800 grams

About this title

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 the Author

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

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

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Ron Robertson, along with his late wife Helen established Rons Bookshop in 1998 as a bricks and mortar bookshop. Helen died in 2014 and Ron carried on running the shop alone and joined the ABE family and commenced selling online in June 2017. Ron decided to close the bricks and mortar shop, from the close of business on December 31 2019 and concentrate on the online business from home. Whilst Rons does not specialise in any particular genre the business has an extensive collection of high quality books of all genres in paperback and hardback.

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