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Innovation: Market Failures and Public Policies / Kevin A. Bryan, Heidi L. Williams.
- Format:
- Book
- Author/Creator:
- Bryan, Kevin A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29173.
- NBER working paper series no. w29173
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We summarize the state of the literature on the economics of innovation and highlight open policy questions. We first articulate the key market failures in markets for innovation, and then discuss how both scientific norms and market-oriented policies help overcome those market failures. We close by discussing recent work on the diffusion of inventions as well as on the links between innovation and inequality.
- Notes:
- Print version record
- August 2021.
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