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This textbook introduces readers to the economics of innovation, covering innovation basics, the measurement of returns to innovation for individuals and the economy, and the use of intellectual property protection by innovators. The book focuses on the various ways patents have been used by industry to secure returns to innovation, as well as the strategic use of patents, and it emphasizes present-day technologies, such as pharmaceuticals and AI. Clearly organized and highly readable, the text offers a useful introduction to economics, business, public policy, and legal studies, and provides…mehr

Produktbeschreibung
This textbook introduces readers to the economics of innovation, covering innovation basics, the measurement of returns to innovation for individuals and the economy, and the use of intellectual property protection by innovators. The book focuses on the various ways patents have been used by industry to secure returns to innovation, as well as the strategic use of patents, and it emphasizes present-day technologies, such as pharmaceuticals and AI. Clearly organized and highly readable, the text offers a useful introduction to economics, business, public policy, and legal studies, and provides a comprehensive collection of references and information from a variety of sources across disciplines.
Autorenporträt
Bronwyn H. Hall is Professor of Economics Emerita at the University of California at Berkeley, Visiting Professor at MPI-Munich, and a Research Associate at the NBER, IFS-London, and the Innovation Lab, College de France. She received the 2024 Award of the Distinguished Fellow granted by the American Economic Association. She has published numerous articles on the economics and econometrics of technical change and innovation and is the editor of the Handbook of the Economics of Innovation in the Elsevier series of economic handbooks. Her research includes analysis of the use of intellectual property systems in developed and developing countries, the valuation of intangible (knowledge) assets, comparative firm-level R&D investment and innovation studies, measuring the returns to R&D and innovation, and analysis of such technology policies as R&D subsidies and tax incentives. Christian Helmers is Professor of Economics at the Leavey School of Business at Santa Clara University and Visiting Professor at KU Leuven. His research focuses on innovation and intellectual property. Before joining Santa Clara, he was an assistant professor at Universidad Carlos III, Madrid. Prior to that, he worked as a research economist at the London School of Economics.