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This Research Review presents a compilation of key papers chronicling the evolution of the economics of information into the economics of knowledge. It traces the unfolding of the fertile ambiguity and ambivalence of the notion of information with the identification and eventual separation of its two basic, quite distinct meanings: knowledge and signals. It documents the progressive understanding that it is not only necessary to search, screen and understand signals, but also to assess and select them so as to distinguish between true, false and fake ones. The capability to process signals and transform them into actual information stems from the stock of competence and knowledge that individuals and organizations possess and mobilize. Together with an original introduction by the editor, this collection will be an indispensable research tool for economists and scholars alike.

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Research Reviews

Economics of Research and Development is a research review of the major readings in the development of this topic, from its origins in the work of Kenneth Arrow, Robert Solow, and Zvi Griliches to present day concerns with the financing of R&D and measurement of its returns. Topics covered include historical perspectives, market structure and the various ways R&D is conducted, the role of venture capital and government incentives, the measurement of R&D returns including spillovers to other firms or countries and the contribution of R&D to economic growth.

This research review serves as an invaluable reference for those who would like to have a review of the seminal papers on R&D collected into a single source.

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Research Reviews

The Economics of Standards explores papers by eminent scholars that study the role of standards in the competitive process, the diffusion of standards throughout the industry and the role of the public sector in support of standards development.

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Research Reviews