Download Innovation Policy and the Economy, Vol. 2 by Adam B. Jaffe, Josh Lerner, Scott Stern PDF

By Adam B. Jaffe, Josh Lerner, Scott Stern

This annual sequence, backed via the nationwide Bureau of financial study, presents a discussion board for study at the interactions between public coverage, the innovation technique, and the economic climate. Discussions conceal all kinds of coverage that impact the facility of an economic climate to accomplish clinical and technological growth or that have an effect on the effect of technology and expertise on financial development.

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Extra resources for Innovation Policy and the Economy, Vol. 2

Sample text

Such product integration can benefit consumers substantially even as it destroys markets for previously separate products. Product integration has been a major force in the PC software industry over the last 20 years. Word processing software in the early 1980s, for instance, included neither spelling checkers nor grammar checkers. 111 Similarly, modern spreadsheets, like Excel, QuattroPro, and 1-2-3, include graphing and optimization functionality that was formerly sold separately. '12 Intel's 16-bit and early 32-bit x86 microprocessors (8088/8086, 80286 and 80386 families) could perform integer but not floating point arithmetic.

S. Bureau of the Census (1999b, Table 1). The NAICS code for pharmaceutical preparation is 325412. Data are for 1997. S. Bureau of the Census (1999a, Table 1). The NAICS code for semiconductor and related devices is 334413. Data are for 1997. Labor costs are measured as the ratio of annual payroll to sales, receipts, or value of shipments. S. Bureau of the Census 1999c). Becker (1975). S. Bureau of Labor Statistics (1 997-1 999). International Data Corporation (2000b, Table 3). >. See Evans and Reddy (1996), Evans and Schmalensee (1996, p.

Such product integration can benefit consumers substantially even as it destroys markets for previously separate products. Product integration has been a major force in the PC software industry over the last 20 years. Word processing software in the early 1980s, for instance, included neither spelling checkers nor grammar checkers. 111 Similarly, modern spreadsheets, like Excel, QuattroPro, and 1-2-3, include graphing and optimization functionality that was formerly sold separately. '12 Intel's 16-bit and early 32-bit x86 microprocessors (8088/8086, 80286 and 80386 families) could perform integer but not floating point arithmetic.

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