Information and intellectual property: the global challenges
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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Volume (Year): 15 (2006)
Issue (Month): 6 (December)
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nathan ROSENBERG, 2009.
"Why do firms do basic research (with their own money)?,"
World Scientific Book Chapters,in: Studies On Science And The Innovation Process Selected Works of Nathan Rosenberg, chapter 11, pages 225-234
World Scientific Publishing Co. Pte. Ltd..
- 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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