Title of article
Social insurance and the design of innovation incentives
Author/Authors
Darius Lakdawalla، نويسنده , , Neeraj Sood، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
5
From page
57
To page
61
Abstract
We consider the insurance aspects of research policy. Patents or rewards have an advantage over research subsidies when a new invention replaces an existing good at lower cost. Research subsidies have an advantage when inventions spawn an entirely new product.
Keywords
Technological change , Patents , Research contracts , Research policy
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435513
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