Frontmatter -- Contents -- Acknowledgments -- Introduction. The Half-Life of Policy Rationales: How New Technology Affects Old Policy Issues -- 1. Technology,Marine Conservation, and Fisheries Management -- 2. The Lighthouse as a Private-Sector Collective Good -- 3. Motorway Financing and...

Since the seminal works of Schumpeter (1937) and Arrow (1962), economists have recognised that the innovation process is crucially dependent on the strategic environment in which firms operate and on the institutional arrangements which govern the appropriability of economic returns from...