Positive externalities of innovation

added blog Financial Services

2023-07-31 20:03:47 -

Key points If inventors received a greater share of the broader social benefits for their work, they would have a greater incentive to seek out new inventions. Positive externalities are beneficial spillovers to a third party or parties. Private benefits are the dollar value of all benefits of a new product or process invented by a company that can be captured...

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