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This chapter examines the contributions that economists have made to the study of science and the types of contributions the profession is positioned to make in the future. Special emphasis is placed on the public nature of knowledge and characteristics of the reward structure that encourage the...
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We investigate how variety affects the innovation output of a region. Borrowing arguments from theories of recombinant … innovation, we expect that related variety will enhance innovation as related technologies are more easily recombined into a new … technology. However, we also expect that unrelated variety enhances technological breakthroughs, since radical innovation often …
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