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William J. Baumol has been one of the most influential economists in the last fifty years. Pioneering work in the theory of money, foremost research in the theory of competition, industrial organization and technological change, notable analyses in the theory of externalities and environment,...
Persistent link: https://www.econbiz.de/10014061945
What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property selects high social surplus projects. Optimal innovation policy thus trades off the ex-ante screening benefit and the ex-post distortion. It solves a multidimensional screening problem in the...
Persistent link: https://www.econbiz.de/10013115803
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incentives to innovate and to gather private information about future costs to adapt the service provision to changing …
Persistent link: https://www.econbiz.de/10013116354
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Innovations in Public Governance provides a contextual view of innovations in public governance. Public governance is … common good. In practice the improvements and radical changes in governance structures and processes are met through … 'governance innovations', which vary from radical large-scale national reforms to various organizational innovations and new e …
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F/OSS software has been described by many as a puzzle. In the past five years, it has stimulated the curiosity of scholars in a variety of fields, including economics, law, psychology, anthropology and computer science, so that the number of contributions on the subject has increased...
Persistent link: https://www.econbiz.de/10005766472
The mixed-demand model allows for very flexible specification of what should be considered endogenous and exogenous in demand system estimation. This paper introduces a revealed preference framework to analyze the mixed-demand model. The proposed methods can be used to test whether observed data...
Persistent link: https://www.econbiz.de/10014278164
Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are distorted, growth can become permanently stagnant, with...
Persistent link: https://www.econbiz.de/10011946731