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Motivated by the rise of social media, we build a model studying the effect of an economy's potential for social learning on the adoption of innovations of uncertain quality. Provided consumers are forward-looking (i.e., recognize the value of waiting for information), equilibrium dynamics...
Persistent link: https://www.econbiz.de/10013027942
technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related …
Persistent link: https://www.econbiz.de/10014023934
While intellectual property has long been perceived as a method for protecting, and ultimately valuing, innovation, it … is an imperfect measure. With its traditional bias in favor of innovation as delimited by Western views of individuality … the undervaluing of non-Western innovation and creativity. This undervaluation has denied developing and least …
Persistent link: https://www.econbiz.de/10013086224
technical skills and human capital. Each of these may help to reduce the costs of imitation, adaption, and follow-on innovation … the innovation, financial and skill requirements, externalities, and regulatory barriers. While scholars are still …
Persistent link: https://www.econbiz.de/10014157538
The path of Samp;T information flow from the generators to the end users is long winded and also beset with hurdles. While low demand discourages the creation of an elaborate information resource base and a service system, lack of facilities restricts strengthening of the demand force. It takes...
Persistent link: https://www.econbiz.de/10012712955
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012591877
Airplanes were invented by hobbyists and experimenters, and some personal computers were as well. Similarly, many open-source software developers are interested in the software they make, and not focused on profit. Based on these cases, this paper has a model of agents called tinkerers who want...
Persistent link: https://www.econbiz.de/10014221720
Persistent link: https://www.econbiz.de/10011784995
Intellectual property regimes are usually presumed to exert positive inducements on technological innovation. However … the intersection of three fields: innovation studies, welfare theories, and international political economy. It revisits … prior drug generations and alternate inducements. The article offers a novel 2X2 conceptual framework to study innovation in …
Persistent link: https://www.econbiz.de/10012751579
This contribution examines the major features of UAE’s economy, its factors of strengths, undelying also its critical aspects. Furthermore, the work focuses on the crucial factors that characterize a diversified knowledge economy and indicates the policies that the economy of the United Arab...
Persistent link: https://www.econbiz.de/10011259302