The acquisition and commercialization of invention in American manufacturing: Incidence and impact
|Title:||The acquisition and commercialization of invention in American manufacturing: Incidence and impact|
|Published In:||Research Policy|
Recent accounts suggest the development and commercialization of invention has become more “open.” Greater division of labor between inventors and innovators can enhance social welfare through gains from trade and economies of specialization. Moreover, this extensive reliance upon outside sources for invention also suggests that understanding the factors that condition the extramural supply of inventions to innovators is crucial to understanding the determinants of the rate and direction of innovative activity.
|Ivan Allen College Contributors:|
45. Issue 6. 1113 - 1128.