New Frontiers in the Economics of Innovation and New Technology

Edited by Cristiano Antonelli, Professor of Economics, Department of Economics and Statistics "Cognetti de Martiis", University of Torino and Fellow, Collegio Carlo Alberto, Italy, Dominique Foray, Professor of Innovation Economics, College of Management, Ecole Polytechnique Fédérale de Lausanne, Switzerland, Bronwyn H. Hall, Professor Emerita of Economics, University of California at Berkeley, Research Associate, National Bureau of Economic Research, US and International Research Associate, Institute of Fiscal Studies, London, UK and W. Edward Steinmueller, R. M. Philips Professor of the Economics of Innovation, Science Policy Research Unit, University of Sussex, UK

• Contents: Part I: General Introduction 1. The Economics of Innovation between Anabasis and Katabasis Cristiano Antonelli, Dominique Foray, Bronwyn H. Hall and W. Edward SteinmuellerPart II: Path Dependence in Technical Change 2. Competing Technologies, Technological Monopolies and the Rate of Convergence to a Stable Market Structure Andrea P. Bassanini and Giovanni Dosi3. Path Dependence, Localised Technological Change and the Quest for Dynamic Efficiency Cristiano Antonelli4. A History-Friendly Model of Innovation, Market Structure and Regulation in the Age of Random Screening of the Pharmaceutical Industry Franco Malerba and Luigi Orsenigo5. Path Dependence and Diversification in Corporate Technological Histories John Cantwell6. Is the World Flat or Round? Mapping Changes in the Taste for Art G.M. Peter Swann7. Waves and Cycles: Explorations in the Pure Theory of Price for Fine Art Robin CowanPart III: The Economics of Knowledge 8. Learning in the Knowledge-based Economy: The Future as Viewed from the Past W. Edward Steinmueller9. The Economics of Open Technology: Collective Organisation and Individual Claims in the ‘Fabrique Lyonnaise’ During the Old Regime Dominique Foray and Liliane Hilaire Perez10. Measurement and Explanation of the Intensity of Co-publication in Scientific Research: An Analysis at the Laboratory Level Jacques Mairesse and Laure Turner11. Epistemic Communities and Communities of Practices in the Knowledge-based Firm Patrick Cohendet and Ash Amin12. Markets for Technology: ‘Panda’s Thumbs’, ‘Calypso Policies’ and Other Institutional Considerations Ashish Arora, Andrea Fosfuri and Alfonso Gambardella13. The Key Characteristics of Sectoral Knowledge Bases: An International Comparison Stefano Brusoni and Aldo GeunaPart IV: The Diffusion of New Technologies 14. Uncovering General Purpose Technologies with Patent Data Bronwyn H. Hall and Manuel Trajtenberg15. Equilibrium, Epidemic and Catastrophe: Diffusion of Innovations with Network Effects Luís M.B. Cabral16. Technological Diffusion under Uncertainty: A Real Options Model Applied to the Comparative International Diffusion of Robot Technology Peter Stoneman and Otto ToivanenPart V: Postscript 17. An Appreciation of Paul David’s Work Dominique ForayIndex

'This Festschrift explores the truly exceptional breadth and depth of Paul David's work, focusing upon his contributions to the topics of path dependence, the economics of knowledge, and the diffusion of technology. The book consists of 15 papers plus an introduction by the editors and an entertaining postscript by Dominique Foray. . . For economic historians, the papers on path dependence assembled in this book, and particularly the conceptual paper by Antonelli, should be essential reading.'