Economic Welfare and the Allocation of Resources for Invention

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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.

Topics & Keywords

Diverse Interdisciplinary Research Innovations Intellectual Capital and Performance Analysis

UN Sustainable Development Goals

Decent work and economic growth

Publication Details

DOI: 10.1007/978-1-349-15486-9_13

Field-Weighted Citation Impact: 4.97