This paper estimates the social returns to investments in innovation. The disparate spillovers associated with … innovation, including imitation, business stealing, and intertemporal spillovers, have made calculations of the social returns … under conservative assumptions, innovation efforts produce social benefits that are many multiples of the investment costs …

I survey some recent research on the role of patents in encouraging innovation and growth in developing economies … discuss research on the implications of patents for international technology transfer and domestic innovation. This is … performance, and the impact on pharmaceutical patenting and domestic innovation. The conclusion suggests that patents may be …

The contribution made by innovation and new technologies to economic growth and welfare is largely determined by the … neglected one in the economics of innovation. This chapter, written for a handbook on innovation, provides a historical and …

knowledge management that combine open innovation and patenting … investigate the motives of the contributing firms as well as the potential for such commons to encourage innovation and diffusion …