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Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions. Here two volumes are available as a set or sold separately. Expert articles of this title consider the best ways to establish optimal incentives in technological progress. Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare. Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies.