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来源类型Working Paper
规范类型报告
DOI10.3386/w12094
来源IDWorking Paper 12094
Innovation, Competition and Welfare-Enhancing Monopoly
Michael R. Darby; Lynne G. Zucker
发表日期2006-03-13
出版年2006
语种英语
摘要The basic competitive model with freely available technology is suited for static industries but misleading as applied to major innovative economies for which development of new technologies equals in magnitude around 10% of gross domestic investment. We distinguish free generic technology from proprietary technologies resulting from risky investment with uncertain outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful technology cannot be compared to its own direct investment costs. Eureka moments are hardly ever self-enabling and incentives are required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any country at any time in a few firms in a few industries that are achieving metamorphic technological progress as a result of breakthrough innovations.
主题Microeconomics ; Market Structure and Distribution ; Households and Firms ; Development and Growth ; Innovation and R& ; D ; Industrial Organization ; Market Structure and Firm Performance
URLhttps://www.nber.org/papers/w12094
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569748
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Michael R. Darby,Lynne G. Zucker. Innovation, Competition and Welfare-Enhancing Monopoly. 2006.
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