Abstract
INVENTION is here interpreted broadly as the production of know- ledge. From the viewpoint of welfare economics, the determination of optimal resource allocation for invention will depend on the tech- nological characteristics of the invention process and the nature of the market for knowledge.
Cite
CITATION STYLE
APA
Arrow, K. J. (2016). Economic Welfare and the Allocation of Resources for Invention. In The Rate and Direction of Inventive Activity (pp. 609–626). Princeton University Press. https://doi.org/10.1515/9781400879762-024
Register to see more suggestions
Mendeley helps you to discover research relevant for your work.
Already have an account? Sign in
Sign up for free