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Information and intellectual property: the global challenges

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  • Rishab Ghosh
  • Luc Soete

Abstract

Looking back to the seminal papers by Richard R. Nelson, "The simple economics of basic scientific research," and Kenneth Arrow, "Economic welfare and the allocation of resources for invention," this article claims that in the last fifty years, there has been a paradigm change in our understanding of the economics of research and invention. The article argues that there are innovations within the process of innovation itself, and in particular in the instruments of promoting invention and innovation--the exclusive intellectual property rights granted to single economic actors for individual innovations--with, as a result, the emergence of various forms of collaborative innovation in different domains. The article concludes that the implications for the contribution of invention and innovation for global growth and development are significant. Copyright 2006, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Industrial and Corporate Change.

Volume (Year): 15 (2006)
Issue (Month): 6 (December)
Pages: 919-935

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Handle: RePEc:oup:indcch:v:15:y:2006:i:6:p:919-935

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  1. Nuvolari, A., 2003. "Open source software development: some historical perspectives," Eindhoven Center for Innovation Studies (ECIS) working paper series 03.01, Eindhoven Center for Innovation Studies (ECIS).
  2. Rosenberg, Nathan, 1990. "Why do firms do basic research (with their own money)?," Research Policy, Elsevier, vol. 19(2), pages 165-174, April.
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Cited by:
  1. Soete, Luc, 2008. "Science, Technology and Development: Emerging concepts and visions," MERIT Working Papers 001, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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