Market Failure and Public Support of R&D

Albert Link and John Scott

Chapter 2 in Bending the Arc of Innovation: Public Support of R&D in Small, Entrepreneurial Firms, 2013, pp 6-9 from Palgrave Macmillan

Abstract: Abstract This chapter summarizes the economic arguments for public support of private-sector R&D activity. The economic concept of market failure is discussed.

Keywords: Market Failure; Public Support; Consumer Surplus; Social Rate; Entrepreneurial Firm (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stachp:978-1-137-37088-4_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137370884

DOI: 10.1057/9781137370884_2

Access Statistics for this chapter

More chapters in Science, Technology, and Innovation Policy from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().