Year: 1995
Author: Rahmeyer, Fritz
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 1 : pp. 37–66
Abstract
Technical innovations show peculiar characteristics that necessitate economic measures concerning the economic order and the allocation of resources. A detailed analysis of the private innovation process serves as a basis for discussing state interferences. It will occur by means of a Neo-Schumpeterian (or evolutionary) interpretation emphasizing the disequilibrium af innovation activity. Private and public policy measures concerning the promotion of technical innovations include R&D cooperation of firms (ex ante-coordination), patent protection as an integral part of governmental institutions (ex post-coordination), subsidizing entrepreneurial research and development and provision of merit goods as measures regarding the allocation of resources. Their object is not to attain the optimal allocation of resources (in a welfare economic meaning) but to accelerate the economic and technical development through a combination of suitable private and public economic policy instruments.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.115.1.37
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 1 : pp. 37–66
Published online: 1995-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 30
Author Details
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