Lecture
Economics of Innovation: Concepts and Incentives
Description
This lecture covers the economics of innovation, focusing on the requirements for innovation, economic characteristics of knowledge, intellectual property rights, types of innovation, and incentives for innovation. It discusses the diffusion of technology, the S-shape growth pattern, and disruptive innovation, emphasizing the importance of joint production, public goods, and incentivizing innovation through Pigouvian taxes, public R&D spending, and subsidies.
Official source
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