Compulsory licensing is an important institutional innovation that improves the knowledge governance and can help fostering the pace of generation of technological knowledge and the rate of introduction of technological innovations. Recent advances in the economics of knowledge have confirmed...

The aim of the paper is to contribute the debate on the accountability of the academic system. To this it grafts the recent advances of the economics of knowledge into the economics of the academic system. The paper elaborates and tests the hypothesis that there are different types of academic...

The paper elaborates an agent based simulation model (ABSM) to explore the endogenous long-term dynamics of technological and structural change determined by Schumpeterian reactions to unexpected changes in the system that are made possible by the actual availability of Marshallian knowledge...

This paper aims at exploring the determinants of the direction of technological change at the firm level of analysis. Following the localized technological change approach, we suggest that firms will respond to change in factor market costs by introducing neutral or biased technological changes...

The paper investigates the effects of agglomeration and specialization of technological activities on regional productivity growth,applying the notion of pecuniary knowledge externalities. The latter are indirect interdependencies between firms mediated by the price system. Pecuniary knowledge...

The analysis of social interactions as drivers of economic dynamics represents a growing field of the economics of complexity. Social interactions are a specific form of interdependence whereby the changes in the behavior of other agents affect the structure of the utility functions for...

During the last forty years, economics of innovation has emerged as a distinct area of enquiry at the crossing of the economics of growth, industrial organization, regional economics and the theory of the firm, becoming a well identified area of competence in economics specializing not only in...

This paper elaborates a theory of the firm that combines the intuitions of Edith Penrose with the analysis of localized technological knowledge. The analysis of the characteristics of knowledge indivisibility and of idiosyncratic factors pIay a key role in shaping the intentionai strategy of...