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Economic Welfare and the Allocation of Resources for Invention
Open accessAbstract
Invention is here interpreted broadly as the production of knowledge. From the viewpoint of welfare economics, the determination of optimal resource allocation for invention will depend on the technological characteristics of the invention process and the nature of the market for knowledge.
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Cited by
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Dosi, G. (1982) · Research Policy · doi:10.1016/0048-7333(82)90016-6 · Cited by 6,685
Competition and Innovation: An Inverted U Relationship
Aghion, P., Bloom, N., Blundell, R. W., Griffith, R., & Howitt, P. (2004) · SSRN Electronic Journal · doi:10.2139/ssrn.1306944 · Cited by 2,117
Environmental Policy and Technological Change
Jaffe, A. B., Newell, R. G., & Stavins, R. N. (2002) · Environmental and Resource Economics · doi:10.1023/a:1015519401088 · Cited by 1,050
SOME LESSONS FROM THE EAST ASIAN MIRACLE
Stiglitz, J. E. (1996) · The World Bank Research Observer · doi:10.1093/wbro/11.2.151 · Cited by 1,016
Cost Reduction, Competition and Industry Performance
Spence, M. (1986) · New Developments in the Analysis of Market Structure · doi:10.1007/978-1-349-18058-5_16 · Cited by 895
Metadata
- Authors
- Arrow, K. J.
- Venue
- Readings in Industrial Economics
- Publisher
- Macmillan Education UK
- Published
- 1972
- Pages
- 219-236
- OpenAlex
- W1572089375
- Cited by
- 1,842
- References
- 0
- FWCI
- 27.75
- Type
- book chapter
- Language
- en
- Open access
- gold
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- Arrow, K. J. (1972). Economic Welfare and the Allocation of Resources for Invention. Readings in Industrial Economics. https://doi.org/10.1007/978-1-349-15486-9_13
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
