Incentives for Innovation: Patents, Prizes, and Research Contracts

被引:27
作者
Clancy, Matthew S. [1 ,2 ]
Moschini, GianCarlo [1 ,2 ]
机构
[1] Iowa State Univ, Dept Econ, Ames, IA 50011 USA
[2] Iowa State Univ, Ctr Agr & Rural Dev, Ames, IA 50011 USA
关键词
Competitive grants; Growth; Incentives; Innovation prizes; Intellectual property; Monopoly; Patents; Public goods; Research contracts; Research and development; Science policy; Tournaments; O31; O34; O38; INTELLECTUAL PROPERTY; ECONOMICS; COMPETITION; UNCERTAINTY; BREADTH; POLICY; TEAMS; WORLD; LIFE;
D O I
10.1093/aepp/ppt012
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
Innovation is essential for sustaining growth and economic development in a world that faces population increase, natural resource depletion, and environmental challenges. Incentives play a critical role in innovation because the required research and development activities are costly, and the resulting knowledge has the attributes of a public good. This paper discusses the economics of institutions and policies meant to provide incentives for research and innovation, and focuses on intellectual property rights, specifically patents, contracted research (for example grants), and innovation prizes. The main economic implications of these institutions are discussed, with particular attention paid to open questions and recent contributions.
引用
收藏
页码:206 / 241
页数:36
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