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Public Goods, Public Gains
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Public Goods, Public Gains: Calculating the Social Benefits of Public R&D

Albert N. Link and John T. Scott

Abstract

This book discusses the systematic application of alternative evaluation methods to estimate the social benefits of publicly-financed research and development (R&D). The book argues that economic theory should be the guiding criterion for any method of program evaluation because it focuses attention on the value and the opportunity costs of the program. The evaluation methods discussed and illustrated are both economics and, for comparison, non-economics based. The book is motivated by four foundation chapters that discuss government's role in innovation from the perspective of economic theory ... More

Keywords: research and development, R&D, program evaluation, innovation, market failure

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199729685
Published to Oxford Scholarship Online: May 2011 DOI:10.1093/acprof:oso/9780199729685.001.0001

Authors

Affiliations are at time of print publication.

Albert N. Link, author
University of North Carolina at Greensboro
Author Webpage

John T. Scott, author
Dartmouth College
Author Webpage