Grossmann, Volker; Steger, Thomas M. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
of endogenous growth theory is that technological knowledge, in the
form of a set of instructions how to produce goods … be
used by others without diminishing the knowledge of the innovator. This implies that,
without ways to exclude others … from (some of) the newly created knowledge, in a large
society no agent would have an incentive to incur any costs to …