Discussion of Innovation Papers
Economic Inquiry, Vol. 22, No. 4, 1984
Posted: 30 Aug 2012
Date Written: October 1, 1984
Discusses the central role firms play in resolving the issue of the capturability of returns from innovation as mentioned in a set of papers. Description of an innovating firm; definition of the cost curve; illustration of a contract designed to increase the capturability from innovations.
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