Innovation Policy and the Economy

Front Cover
Adam B. Jaffe, Joshua 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.

From inside the book

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)

Adam B. Jaffe is Fred C. Hecht Professor in Economics and Dean of Arts and Sciences at Brandeis University. Josh Lerner is Jacob H. Schiff Professor of Investment Banking at Harvard Business School, with a joint appointment in the Finance and Entrepreneurial Units. He is the author of The Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed and What to Do About It. Scott Stern is Associate Professor of Management and Strategy at the Kellogg School of Management, Northwestern University.