Innovation Policy and the Economy

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Adam B. Jaffe, Josh Lerner, Scott Stern
MIT Press, Feb 9, 2007 - Business & Economics - 154 pages

The economic importance of innovative activity brings with it an active debate on the effect of public policy on the innovation process. This annual series, sponsored by the National Bureau of Economic Research, brings the work of leading academic researchers to the broader policy community, presenting papers that demonstrate the role that economic theory and empirical analysis can play in evaluating policy. Volume 7 considers such topics as the apparent productivity decline in the pharmaceutical industry; the effect of patents on both the "scientific commons" and cumulative discovery; the flow of new Ph.D.s into industry; a new mechanism to create economic incentives for producers of digital goods that both stimulates innovation and encourages widespread use; and a formal analytical structure for a science of crisis management.

 

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Contents

1 Is the Pharmaceutical Industry in a Productivity Crisis?
1
The Impact of Patents on Scientific Research
33
The Mobility Patterns of New PhDs
71
4 Innovation Incentives for Information Goods
99
5 Innovating under PressureTowards a Science of Crisis Management
125
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About the author (2007)

Erik Brynjolfsson is Schussel Family Professor at MIT's Sloan School of Management and Director of the MIT Center for Digital Business. He is the coeditor of Understanding the Digital Economy: Data, Tools, and Research (MIT Press).

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