Understanding the economic implication of creative individuals and firms is at the heart of the new economy and of related fields such as the economics of knowledge, the economics of science and innovation management. This book brings together a panel of theoretical and empirical contributions which address the generation of creative ideas and their transformation into products and services by firms or universities, as well as the interplay of those organizations in networks and markets.

The word ‘creativity’ has been used a great deal recently in relation to efforts to recover from the global financial crisis and re-launch economic activity. Little has been added to explain how and why an economic approach of creativity is useful and necessary. It is useful to understand how the most creative people work and think, and how to foster their creative productivity. It is useful to understand how organizations integrate and exploit creative ideas. It is useful to understand how market mechanisms can handle creativity and how policies must be adapted. It is necessary in the light of the recent economic crises that made innovation, invention and creativity the basis of a new industrialization and fuel for a new economic development.

This new book assesses the economic impact of creativity, defining the term and then going on to explore theoretically and practically the economic consequences of creativity through a range of themes including: creativity and evolutionary theories of technological change; creativity and organizational learning; creativity and technological policy; and creativity and economics of networks. This volume offers a rich source of inspiration and ideas for the pursuit of research which merges economic tradition and management perspectives.

part I|128 pages

Economics of creativity, ideas and policies

chapter 3|17 pages

Product lines innovation

On the use of technical laws of evolution

chapter 5|11 pages

Innovation, territories and creativity

Some reflections about usual and less usual instruments for innovation-driven regional policies

chapter 7|19 pages

Science based entrepreneurship through the lens of sectoral and national innovation systems

French academic start-ups developing hydrogen and fuel cell technologies

part II|140 pages

Economics of creativity, firms and organizations

chapter 8|20 pages

Managing creativity in the firm

The fuzzy front end of innovation and dynamic capabilities

chapter 9|16 pages

A ppropriation strategies and endogenous technological regime

Towards a dynamic theory of the role of patents

chapter 12|18 pages

Deal values for acquisitions by larger incumbents in high-technology industries

The influence of non-linearities and moderation effects

chapter 14|17 pages

Research, teaching and commercial activities

The behaviour of laboratories in an entrepreneurial university

part III|82 pages

Economics of creativity, networks and markets

chapter 15|10 pages

The public economics of creativity

Economies of scope in technological infrastructure 1

chapter 16|28 pages

Fits and misfits

Technological matching and R&D networks

chapter 17|18 pages

Market occupation in a circular market

Product innovation and/or patenting 1

chapter 18|12 pages

Creativity and uncertainty in the act of work

The contribution of the viability theory

chapter 19|12 pages

What makes movies tick

Ivory tower insights, studio views and research directions