The DOI matches its Crossref record.
Economic Welfare and the Allocation of Resources for Invention
Abstract
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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Citations
Cited by
Absorptive Capacity: A New Perspective on Learning and Innovation
Cohen, W. M., & Levinthal, D. A. (1990) · Administrative Science Quarterly · doi:10.2307/2393553 · Cited by 35,728
Crime and Punishment: An Economic Approach
Becker, G. S. (1968) · Journal of Political Economy · doi:10.1086/259394 · Cited by 13,999
Innovation and Learning: The Two Faces of R & D
Cohen, W. M., & Levinthal, D. A. (1989) · The Economic Journal · doi:10.2307/2233763 · Cited by 7,530
Syverson, C. (2011) · Journal of Economic Literature · doi:10.1257/jel.49.2.326 · Cited by 2,942
General purpose technologies ‘Engines of growth’?
Bresnahan, T. F., & Trajtenberg, M. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01598-t · Cited by 2,879
Metadata
- Authors
- Arrow, K. J.
- Venue
- The Rate and Direction of Inventive Activity
- Publisher
- Princeton University Press
- Published
- 1962-12-31
- Pages
- 609-626
- OpenAlex
- W3121707495
- Cited by
- 8,635
- References
- 0
- FWCI
- 0.00
- Type
- book chapter
- Language
- en
- Open access
- closed
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How to cite
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- CoChat. (2026). Citation check: Economic Welfare and the Allocation of Resources for Invention. https://app.cochat.ai/papers/10.1515/9781400879762-024
- The paper
- Arrow, K. J. (1962). Economic Welfare and the Allocation of Resources for Invention. The Rate and Direction of Inventive Activity. https://doi.org/10.1515/9781400879762-024
Data sources
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.
