Intro history patents ip supply of an innovation

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Unformatted text preview: istory Patents IP Supply of an innovation Supply of an innovation depends on: technological opportunity - state of the scienti…c & technological knowledge skilled workers, appropriate equipment - cost & availability of inputs to innovation appropriability - ability to capture the pro…t from innovation Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP Demand of an innovation process-improving innovation - amount of cost reduction from that innovation product innovation - consumer or producer bene…t from something new incremental product innovation - consumer or producer bene…t from improvement in an existing good Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP Innovation The resources, private or public, are concentrated mainly by taxation appropriating the bene…ts of R&D results private wealth from saving or investing Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved....
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This note was uploaded on 03/16/2014 for the course ECON 483 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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