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The paper presents a model of endogenous growth in which firms are modeled as boundedly-rational, locally interacting, agents. Firms produce a homogeneous good employing technologies located in an open-ended technological space and are allowed to either imitate existing, similar practices or to...
Persistent link: https://www.econbiz.de/10005292628
The paper, largely based on the introduction to Dosi (2012), elaborates on the main interpretative ingredients, methodology and challenges ahead of the evolutionary research program in economics. Telegraphically, such a perspective attempts to understand a wide set of economic phenomena -...
Persistent link: https://www.econbiz.de/10010551524
interpretative achievements stemming from e.g. the economics of innovation, industrial economics, epistemilogy of knowledge, economic …
Persistent link: https://www.econbiz.de/10005481634
and in particular of Intellectual Property Right (IPR) as incentives for technological innovation. We start with a … critical discussion of the standard justification of the attribution of IPR in terms of "market failures" in knowledge … generation. Such an approach we argue misses important features of technological knowledge and also neglects the importance of …
Persistent link: https://www.econbiz.de/10005481635
rates of innovation. Indeed, there is circumstantial evidence to the opposite. And, indeed, a sound theoretic consideration … of the nature of technological knowledge and the drivers of its accumulation fully reveals the limitation, possible even … both theory and historical experience suggest that loose and limited IPR are most conducive to knowledge accumulation and …
Persistent link: https://www.econbiz.de/10010738350
This work prepared for B. Hall and N. Rosenberg (eds.) Handbook of Innovation, Elsevier (2010), lays out the basic … evidence concerning the nature and structure of technological knowledge the sources of novel opportunities, the dynamics … the firm in industries where technological and organizational innovation is important. Indeed a large literature has grown …
Persistent link: https://www.econbiz.de/10004967283