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The Economics of Innovation Policy

Edited by Albert N. Link, Virginia Batte Phillips Distinguished Professor of Economics, University of North Carolina at Greensboro, US
For this invaluable collection, Professor Link has selected the most significant articles that have emerged in the last fifty years in the field of innovation policy. The first volume addresses the foundations of innovation policy and covers essential topics such as governments’ role in innovation, the patent system and fiscal policies that promote innovation. The second volume explores specific innovation policies and their social impact, including public research and development, the changing role of universities in the innovation process and technology transfer policies. In his introduction, Professor Link offers an authoritative and insightful overview of innovation policy in industrialized nations, identifying at least two paradigms that motivate governments’ role in innovation policy.
Two volume set
Extent: 992 pp
Hardback Price: $518.00 Web: $466.20
Publication Date: 2008
ISBN: 978 1 84376 529 5
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  • Economics and Finance
  • Economics of Innovation
  • Innovation and Technology
  • Economics of Innovation
  • Innovation Policy
For this invaluable collection, Professor Link has selected the most significant articles that have emerged in the last fifty years in the field of innovation policy. The first volume addresses the foundations of innovation policy and covers essential topics such as governments’ role in innovation, the patent system and fiscal policies that promote innovation. The second volume explores specific innovation policies and their social impact, including public research and development, the changing role of universities in the innovation process and technology transfer policies. In his introduction, Professor Link offers an authoritative and insightful overview of innovation policy in industrialized nations, identifying at least two paradigms that motivate governments’ role in innovation policy.
‘The Economics of Innovation Policy is a remarkable collection both for the comprehensiveness of the topics covered and the quality of the individual papers. They bring economic rigor with genuine insights into the evolving role of the government in national innovation systems, and at the same time have practical, policy-orientated assessments of the use of R&D tax credits and public–private technology partnerships. Importantly, there are excellent papers on the role of the university in the innovation process as well as on the highly important but often overlooked role of standards in the development of new technologies. This comprehensive, high-quality series is a genuinely valuable contribution for the researcher and policymaker alike.’
– Charles Wessner, The National Academy of Sciences, Washington, DC, US

‘This is an excellent collection on science and technology policy. Rarely does one see so many seminal papers organized into a single volume of critical writings.’
– David J. Teece, University of California, Berkeley, US
44 articles, dating from 1958 to 2005
Contributors include: P. David, Z. Griliches, A. Jaffe, J. Lerner, E. Mansfield, R. Nelson, P. Romer, G. Tassey, E. von Hippel
Contents:

Volume I: Foundations of Innovation Policy

Acknowledgements

Introduction Albert N. Link

PART I GOVERNMENT’S ROLE IN INNOVATION
1. Paul M. Romer (1993), ‘Implementing a National Technology Strategy with Self-Organizing Industry Investment Boards’
2. Partha Dasgupta and Paul A. David (1994), ‘Toward a New Economics of Science’
3. Stephen Martin and John T. Scott (2000), ‘The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation’
4. Gregory Tassey (2005), ‘Underinvestment in Public Good Technologies’

PART II THE PATENT SYSTEM
5. Rebecca S. Eisenberg (1989), ‘Patents and the Progress of Science: Exclusive Rights and Experimental Use’
6. Richard Gilbert and Carl Shapiro (1990), ‘Optimal Patent Length and Breadth’
7. Janusz A. Ordover (1991), ‘A Patent System for Both Diffusion and Exclusion’
8. Adam B. Jaffe (2000), ‘The U.S. Patent System in Transition: Policy Innovation and the Innovation Process’
9. Wesley M. Cohen (2005), ‘Patents and Appropriation: Concerns and Evidence’

PART III DIRECT FUNDING OF INNOVATION
10. Gregory Tassey (1996), ‘Choosing Government R&D Policies: Tax Incentives vs. Direct Funding’
11. John T. Scott (1998), ‘Financing and Leveraging Public/Private Partnerships: The Hurdle-Lowering Auction’
12. Josh Lerner (1999), ‘The Government as Venture Capitalist: The Long-Run Impact of the SBIR Program’
13. Scott J. Wallsten (2000), ‘The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program’
14. David Audretsch, Albert N. Link and John T. Scott (2002), ‘Public/Private Technology Partnerships: Evaluating SBIR-supported Research’

PART IV FISCAL POLICIES TO PROMOTE INNOVATION
15. Barry Bozeman and Albert N. Link (1984), ‘Tax Incentives for R&D: A Critical Evaluation’
16. C.W. Swenson (1992), ‘Some Tests of the Incentive Effects of the Research and Experimentation Tax Credit’
17. Bronwyn H. Hall (1993), ‘R&D Tax Policy during the 1980s: Success or Failure?’
18. Rachel Griffith, Daniel Sandler and John Van Reenen (1995), ‘Tax Incentives for R&D’
19. John T. Scott (1995), ‘The Damoclean Tax and Innovation’

Name Index


Volume II: Innovation Policies and Social Impact

Acknowledgements

An introduction to both volumes by the editor appears in Volume I.

PART I PUBLIC RESEARCH AND DEVELOPMENT
1. Richard R. Nelson (1983), ‘Government Support of Technical Progress: Lessons from History’
2. David M. Levy and Nestor E. Terleckyj (1983), ‘Effects of Government R&D on Private R&D Investment and Productivity: A Macroeconomic Analysis’
3. Frank R. Lichtenberg (1984), ‘The Relationship Between Federal Contract R&D and Company R&D’
4. Dennis Patrick Leyden and Albert N. Link (1991), ‘Why are Governmental R&D and Private R&D Complements?’
5. Maryann P. Feldman and Maryellen R. Kelley (2003), ‘Leveraging Research and Development: Assessing the Impact of the U.S. Advanced Technology Program’

PART II RESEARCH COOPERATION TO PROMOTE INNOVATION
6. Eric von Hippel (1987), ‘Cooperation between Rivals: Informal Know-How Trading’
7. Dennis Patrick Leyden and Albert N. Link (1999), ‘Federal Laboratories as Research Partners’
8. Bruce S. Tether (2002), ‘Who Co-operates for Innovation and Why: An Empirical Analysis’
9. Donald S. Siegel (2003), ‘Data Requirements for Assessing the Private and Social Returns to Strategic Research Partnerships: Analysis and Recommendations’

PART III STANDARDS AS TECHNOLOGY INFRASTRUCTURE
10. Joseph Farrell and Garth Saloner (1986), ‘Installed Base and Compatibility: Innovation, Product Preannouncements and Predation’
11. Paul A. David and Shane Greenstein (1990), ‘The Economics of Compatibility Standards: An Introduction to Recent Research’
12. Karl Ulrich (1995), ‘The Role of Product Architecture in the Manufacturing Firm’
13. Gregory Tassey (2000), ‘Standardization in Technology-Based Markets’

PART IV UNIVERSITIES AND THE INNOVATION PROCESS
14. Adam B. Jaffe (1989), ‘Real Effects of Academic Research’
15. David C. Mowery, Richard R. Nelson, Bhaven N. Sampat and Arvids A. Ziedonis (2001), ‘The Growth of Patenting and Licensing by US Universities: An Assessment of the Effects of the Bayh-Dole Act of 1980’
16. Bronwyn H. Hall, Albert N. Link and John T. Scott (2001), ‘Barriers Inhibiting Industry from Partnering with Universities: Evidence from the Advanced Technology Program’
17. Josh Lerner (2005), ‘The University and the Start-Up: Lessons from the Past Two Decades’

PART V TECHNOLOGY TRANSFER POLICIES
18. Michael M. Crow (1988), ‘Technology and Knowledge Transfer in Energy R&D Laboratories: An Analysis of Effectiveness’
19. Barry Bozeman (1994), ‘Evaluating Government Technology Transfer: Early Impacts of the “Cooperative Technology Paradigm”
20. David C. Mowery and Bhaven N. Sampat (2005), ‘The Bayh-Dole Act of 1980 and University-Industry Technology Transfer: A Model for Other OECD Governments?’
21. David J. Teece (2005), ‘Technology and Technology Transfer: Mansfieldian Inspirations and Subsequent Developments’

PART VI SOCIAL IMPACT OF INNOVATION POLICY
22. Zvi Griliches (1958), ‘Research Costs and Social Returns: Hybrid Corn and Related Innovations’
23. Edwin Mansfield, John Rapoport, Anthony Romeo, Samuel Wagner and George Beardsley (1977), ‘Social and Private Rates of Return from Industrial Innovations’
24. Manuel Trajtenberg (1989), ‘The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners’
25. Albert N. Link and John T. Scott (2001), ‘Public/Private Partnerships: Stimulating Competition in a Dynamic Market’

Name Index