The nature of innovation market failure and the design of public support for private innovation

Article Abstract:

Market failure in relation to innovations can be linked to the dominant form of innovation in sectors. Ways that the public sector can remedy this with support for innovation are assessed.

Author: Martin, Stephen, Scott, John T.
Business, Innovations

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Do subsidies to commercial R and D reduce market failures? Microeconometric evaluation studies

Article Abstract:

Evaluation studies of the effect of government subsidies to promote R and D are examined in detail, including the methodological problems involved.

Author: Klette, Tor Jakob, Moen, Jarle, Griliches, Zvi
Industrial research

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Subjects list: Economic aspects, Research institutes, Technology and state, Technology policy
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