How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...

In the context of an Emission Trading Scheme (ETS), we study how uncertainty over the policy parameter affects firms' investment in low carbon technologies. We develop a three period sequential model that combines the two sectors regulated by the scheme and encompasses both irreversible and...

The chapter presents an overview of the emerging field of behavioral innovation economics, which is the application of behavioral economic theory and principles to the subject matter of innovation economics (also known as Schumpeterian or evolutionary economics). A behavioral innovation...

How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...

Following the development of knowledge economies, there has been a rapid expansion of economic analysis of knowledge, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this literature by identifying the main themes and...

Patents are territorial instruments of exclusion structurally analogous to a protectionist trade barrier -- not affirmative rights or knowledge that can be treated as simple economic inputs. Digital technology has posed problems because of the vast number of patents, their presence in global...

This paper explores 3 topical subjects – scenarios, innovation and converging technologies – and uses two case studies to describe how scenario techniques were used to facilitate innovation in a white biotech company and to reveal the innovative possibilities of converging technologies for a...

The efficacy of alternative institutional arrangements depends upon the information costs that obtain under each. The information revolution has dramatically transformed information costs and, therefore, the optimal placement of the boundary between government, non-governmental organizations,...

This study examines the synergies between innovation, ICT, and sustainable development in the context of Saudi Arabian organizations, through the data derived from the responses of 407 top-level administrative employees from different organizations within the government and the private sectors...

The standard neoclassical approach to economic theorising excludes, by definition, economic emergence and the related phenomenon of entrepreneurship. We explore how the most economic of human behaviours, entrepreneurship, came to be largely excluded from mainstream economic theory. In contrast,...