The knowledge and instruments developed in recent years have paved the way to a substantial contribution from economics to support political and social decision making in matters of scientific progress, such as efficient funding, institutional settings, and allocation. We review the progress...

The new understanding of the characteristics of knowledge indivisibility and knowledge appropriability makes it possible to appreciate the key role pecuniary externalities play both in the generation and in the exploitation of technological knowledge. Pecuniary externalities affect access to...

This paper attempts to integrate advances in the economics of technological change into the economic analysis of the evolution of the telecommunications industrial organization and to show that technological change should be considered as an endogenous, path-dependent and clay factor of change...