Localized technological change and factor markets: constraints and inducements to innovation

Cristiano Antonelli ()

Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series from University of Turin

Abstract: Information economics provides important tools to articulate an economics analysis of the generation and exploitation of localized technological knowledge. Localized technological knowledge is an emerging property of a system of learning and interacting agents where internal and external knowledge, inductive learning and deductive research afe essential, complementary and non-disposable inputs. As a result, localized technological knowledge is a highly heterogeneous dynamic process characterized by varying levels of appropriability, tacitness, and indivisibility, which take the fonns of complementarity and modularity, cumulability, compositeness, fungeability and organized with a variety of knowledge governance mechanisms. Infonnation economics provides basic guidance to elaborate an integrated framework able to understand the matching between types of knowledge and governance mechanisms bothi in generation and exploitation.

New Economics Papers: this item is included in nep-cse, nep-ino and nep-knm
Date: Written
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Journal Article: Localized technological change and factor markets: constraints and inducements to innovation (2006)
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