Template-type: ReDIF-Paper 1.0
Author-Name: Antonelli, Cristiano
Author-Email: cristiano.antonelli@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Pecuniary Externalities: the Convergence of Directed Technological Change and the Emergence of Innovation Systems
Abstract:The new understanding of the characteristics of knowledge indivisibility and knowledge appropriability 
makes it possible to appreciate the key role pecuniary externalities play both in the generation and in the 
exploitation of technological knowledge. Pecuniary externalities affect access to external knowledge and its 
localized appropriation, by the intensive use of idiosyncratic factors and the introduction of biased technological change. 
Their combined effect shapes the convergence of the directed features of the knowledge generated at the firm level 
and explains the path dependent emergence of local and technological innovation systems and the dynamics of 
innovation cascades.
Length: 28 pages
Creation-Date: 2008-07
File-URL:http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2008dip_l_b/7_wp_momigliano.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:200807