Endogenous Technical Change in a Competitive Economy

Hellwig, Martin; Irmen, Andreas

doi:10.1006/jeth.2000.2787

Cited by 73 publications

(56 citation statements)

References 5 publications

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“…First, as in Hellwig and Irmen (2001) and Grossmann (2009), entrepreneurs establish and manage the firms producing and selling a consumption good. The sector they operate in is perfectly competitive.…”

Section: Premisesmentioning

confidence: 99%

Entrepreneurship, Knowledge, and the Industrial Revolution

Attar

2015

Economics

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This paper constructs a two-sector unified growth model. Learning-by-doing in agriculture eventually allows the preindustrial economy to leave its Malthusian trap. But entrepreneurs in the manufacturing sector do not attempt invention if not much is known about natural phenomena. This delays the industrial revolution. Since entrepreneurs identify new useful knowledge at all times in a serendipitous way, the industrial revolution is an inevitable outcome. The paper characterizes the equilibrium path from ancient times to the infinite future. According with this characterization, the model economy successfully captures the qualitative aspects of England's unified growth experience. JEL O31 O33 O41 J13 N33

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Section: Premisesmentioning

confidence: 99%

Entrepreneurship, Knowledge, and the Industrial Revolution

Attar

2015

Economics

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“…Only more recently have studies on invention in a competitive economy appeared (e.g. Hellwig and Irmen 2001;Boldrin & Levine 2002;Boldrin & Levine 2008). Foray (2004) argues that the consensus, which was reached about 20 years ago, on the desirability of the patent system for innovation and growth is now lost.…”

Section: Invention Innovation and Technological Changementioning

confidence: 99%

Economic Analysis of Knowledge: The History of Thought and the Central Themes

Leppälä

2012

SSRN Journal

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“…If the Wright brothers preferred litigation to invention, at least the French were free to develop the airplane. If Gottlieb Daimler and Karl Benz were the first to build a practical automobile powered by an internal-combustion engine, 45 See, respectively, Romer [1996], Hellwig and Irmen [2001], Kremer [2001a,b] and Glennerster, Kremer and Williams [2006], Gallini and Scotchmer [2001]. 46 To start learning about him, see, for example, http://famousmuslims.muslimonline.org/zheng-he-cheng-ho.html.…”

Section: Ugly Policymentioning

confidence: 99%

Does Intellectual Monopoly Help Innovation?

Boldrin

Levine

2009

Review of Law &Amp; Economics

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In this paper, we begin our analysis of copyrights and patents by asking: why should creators have the right to control how purchasers make use of an idea or new good? This gives creators a monopoly over the idea. We refer to this right as “intellectual monopoly,” to emphasize that it is this monopoly over all copies of an idea that is controversial, not the right to buy and sell copies. The government does not ordinarily enforce monopolies for producers of other goods. This is because it is widely recognized that monopoly creates many social costs. Intellectual monopoly is no different in this respect. The question we address is whether it also creates social benefits commensurate with these social costs.

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Endogenous Technical Change in a Competitive Economy

Cited by 73 publications

References 5 publications

Entrepreneurship, Knowledge, and the Industrial Revolution

Entrepreneurship, Knowledge, and the Industrial Revolution

Economic Analysis of Knowledge: The History of Thought and the Central Themes

Does Intellectual Monopoly Help Innovation?

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