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ICC Advance Access originally published online on November 2, 2006
Industrial and Corporate Change 2006 15(6):891-901; doi:10.1093/icc/dtl028
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© The Author 2006. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.

Information, appropriability, and the generation of innovative knowledge four decades after Arrow and Nelson: an introduction

Giovanni Dosi, Franco Malerba, Giovanni B. Ramello and Francesco Silva

Correspondence: Giovanni Dosi, Laboratory of Economics and Management (LEM), Scuola Superiore Sant’Anna, Piazza dei Martiri della Liberta’, 33, 56127 Pisa, Italy. Email: giovanni.dosi{at}sssup.it.

This introduction sets in context the works that follow, which are meant to take stock of the theoretical advances and also historical changes since the seminal Arrow (1962) and Nelson (1959). First, we summarize some of the original Arrow–Nelson insights. Second, we map the subsequent developments shorthanded as the "Stanford-Yale-Sussex synthesis." A particularly controversial issue concerns the relationships between notional opportunities of innovation, private appropriability of return from innovating, and realized rates of innovation: hence, third, we briefly offer a framework for its discussion, in general and with reference to the private appropriation of scientific knowledge.


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