The Rate and Direction of Inventive Activity Revisited
The Rate and Direction of Inventive Activity Revisited
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Abstract
While the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This volume offers theoretical and empirical contributions to questions relating to the economics of innovation and technological change while revisiting the findings of a classic book. Central to the development of new technologies are institutional environments, and among the topics discussed here are the roles played by universities and other nonprofit research institutions, and the ways in which the allocation of funds between the public and private sectors affects innovation. Other chapters examine the practice of open research and how the diffusion of information technology influences the economics of knowledge accumulation.
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Front Matter
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Introduction
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I Panel Discussion: The Impact of the 1962 Rate and Direction Volume, a Retrospective
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II The University-Industry Interface
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1
Funding Scientific Knowledge: Selection, Disclosure, and the Public-Private Portfolio
Joshua S. Gans andFiona Murray
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2.
The Diffusion of Scientific Knowledge across Time and Space: Evidence from Professional Transitions for the Superstars of Medicine
Pierre Azoulay and others
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3.
The Effects of the Foreign Fulbright Program on Knowledge Creation in Science and Engineering
Shulamit Kahn andMegan MacGarvie
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Funding Scientific Knowledge: Selection, Disclosure, and the Public-Private Portfolio
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III Market Structure and Innovation
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4
Schumpeterian Competition and Diseconomies of Scope: Illustrations from the Histories of Microsoft and IBM
Timothy F. Bresnahan and others
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5
How Entrepreneurs Affect the Rate and Direction of Inventive Activity
Daniel F. Spulber
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6.
Diversity and Technological Progress
Daran Acemoglu
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7
Competition and Innovation: Did Arrow Hit the Bull's Eye?
Carl Shapiro
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4
Schumpeterian Competition and Diseconomies of Scope: Illustrations from the Histories of Microsoft and IBM
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IV The Sources and Motivations of Innovators
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8
Did Plant Patents Create the American Rose?
Moser Petra andPaul W. Rhode
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9
The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions
Ralf R. Meisenzahl andJoel Mokyr
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10
The Confederacy of Heterogeneous Software Organizations and Heterogeneous Developers: Field Experimental Evidence on Sorting and Worker Effort
Kevin J. Boudreau andKarim R. Lakhani
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8
Did Plant Patents Create the American Rose?
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V Panel Discussion: Innovation Incentives, Institutions, and Economic Growth
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VI The Social Impact of Innovation
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VII Panel Discussion: The Art and Science of Innovation Policy
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The Art and Science of Innovation Policy: Introduction
Bronwyn H. Hall
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Putting Economic Ideas Back into Innovation Policy
R. Glenn Hubbard
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Why Is It So Difficult to Translate Innovation Economics into Useful and Applicable Policy Prescriptions?
Dominique Foray
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Can the Nelson-Arrow Paradigm Still Be the Beacon of Innovation Policy?
Manuel Trajtenberg
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The Art and Science of Innovation Policy: Introduction
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End Matter
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