Year: 2004
Type: report
Abstract: Ideas are different from nearly all other economic goods in that they are nonrivalrous.This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth.The purpose of this chapter is to explore these implications.
DOI: 10.3386/w10767
Author: Charles Jones
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2159724330