Pareto Optimal Sizes of Innovation Spillovers

The paper offers reasons indicating that the spillovers from innovation activity are surprisingly large; and argues that individuals who have invested directly or indirectly in the economy's innovation processes can be estimated, conservatively, to obtain less than ten percent of the total economy benefits contributed by new technology and new products.

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Year of publication:	1997
Authors:	Baumol, William J.
Institutions:	C.V. Starr Center for Applied Economics, Department of Economics
Subject:	WAGES \| INNOVATIONS

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	O30 - Technological Change; Research and Development. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005168650