- Paperback: 352 pages
- Publisher: MIT Press; New Ed edition (5 Sep 2006)
- Language English
- ISBN-10: 0262693437
- ISBN-13: 978-0262693431
- Product Dimensions: 17.8 x 1.9 x 22.9 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
- Amazon Bestsellers Rank: 589,886 in Books (See Top 100 in Books)
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More About the Author
Product Description
Review
"How to promote innovation is a vitally important question facing modern economies, and Suzanne Scotchmer is one of our leading thinkers on the subject. Here she provides a masterly synthesis of her own work and that of others." Eric S. Maskin, A. O. Hirschman Professor of Social Science, Institute for Advanced Study "*Innovation And Incentives* covers the entire waterfront of intellectual property. Not only does it outline the core economic theories of information, but it's chock full of facts as well. We learn why new ideas are a scarce commodity and why patent pools can sometimes lower prices. Scotchmer is an excellent writer who jams interesting anecdotes into every nook and cranny of this book."--Ian Ayres, Townsend Professor, Yale Law School, and author of *Why Not? How to Use Everyday Ingenuity to Solve Problems Big and Small*
Product Description
Interest in intellectual property and other institutions that promote innovation exploded during the 1990s. Innovation and Incentives provides a clear and wide-ranging introduction to the economics of innovation, suitable for teaching at both the advanced undergraduate and graduate levels. It will also be useful to legal and economics professionals. Written by an expert on intellectual property and industrial organization, the book achieves a balanced mix of institutional details, examples, and theory. Analytical, empirical, or institutional factors can be given different emphases at different levels of study.Innovation and Incentives presents the historical, legal, and institutional contexts in which innovation takes place. After a historical overview of the institutions that support innovation, ranging from ancient history through today's government funding and hybrid institutions, the book discusses knowledge as a public good, the economic design of intellectual property, different models of cumulative innovation, the relation of competition to licensing and joint ventures, patent and copyright enforcement and litigation, private/public funding relationships, patent values and the return on R&D investment, intellectual property issues arising from direct and indirect network externalities, and globalization. The text presents technical and abstract analysis and at the same time sheds light on current controversies and policy-relevant topics, including the difficulty of enforcing copyright in the digital age and international protection of intellectual property.
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Customer Reviews
Most Helpful Customer Reviews
6 of 7 people found the following review helpful
Format:Hardcover
...
Bottom line: Professor Scotchmer knows how to ask and answer insightful questions, and she knows how to write well.
Most books on innovation focus on the problems with intellectual property and how to "fix" them. She puts the intellectual property in the broader historical context of innovation and delves into how IP stacks up in comparison to different incentives for new ideas, products and innovation. Her book is tour-de-force of the latest and best thinking about incentive mechanisms. It highly readable - although it requires a basic grasp of economics - and full of annecdotes, examples and statistics.
The key theme throughout the book is that different incentive methods each have strengths and shortcomings, and the real talent lies in knowing when to employ each. For example patents tie the reward to value, gathers diffused ideas and knowledge, places the risk squarely on individual companies, and concentrates costs among the users. On the other hand, they create deadweight loss, lead to duplicate costs, fail to prioritize the most effective innovator(or idea), and do not lead to the optimal level of investment in innovation. You get the idea...
It is a must have book!
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
1 review
Book for advanced econ courses
19 July 2010
Format:Paperback|Amazon Verified Purchase
I bought this for one of my econ courses. If you aren't really studying Economics in depth then this book isn't for you. It focuses entirely on one subject.
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