Innovations, production complexity and the optimality of R&D

被引：3
|
作者：
Waelbroeck, P [1 ]
机构：
[1] Free Univ Brussels, ECARES, B-1050 Brussels, Belgium
来源：
ECONOMICS LETTERS | 2003年 / 79卷 / 02期
关键词：
complexity; innovations; endogenous growth; social welfare;
D O I：
10.1016/S0165-1765(02)00320-8
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using a simple framework in which production involves several inputs that can be defective, we show that when innovations are used as factor of production, entrepreneurs do not take into account the fact that their innovations increase the complexity of the production process. This leads to a negative complexity externality. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码：277 / 282
页数：6
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