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Public Goods, Public GainsCalculating the Social Benefits of Public R&D$
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Albert N. Link and John T. Scott

Print publication date: 2010

Print ISBN-13: 9780199729685

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780199729685.001.0001

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Government’s Role in Innovation

Government’s Role in Innovation

Chapter:
(p.4) 2 Government’s Role in Innovation
Source:
Public Goods, Public Gains
Author(s):

Albert N. Link (Contributor Webpage)

John T. Scott (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199729685.003.0002

Government's role in the innovation process is discussed in this chapter from a theoretical perspective. Barriers to innovation and technology are enumerated within the context of market failure. Finally, the role of public research institutions is discussed within the theoretical framework of market failure.

Keywords:   market failure, underinvestment in R&D, public research institution

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