Work

Economic Welfare and the Allocation of Resources for Invention

Year: 1972

Type: book-chapter

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.

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

Author: K. J. Arrow

Institution: Stanford University

Language: English

Topic: Intellectual Property and Patents

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W1572089375

FWCI: 27.75

Cites:

Cited by: 1,843

Related to: 10