EconPapers    
Economics at your fingertips  
 

Incentives for Innovation: Patents, Prizes, and Research Contracts

Matthew Clancy and GianCarlo Moschini

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: 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.

JEL-codes: O31 O34 O38 (search for similar items in EconPapers)
Date: 2013-03-24
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Published in Applied Economic Perspectives and Policy 2013, vol. 35 no. 2, pp. 206-241

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

Related works:
Journal Article: Incentives for Innovation: Patents, Prizes, and Research Contracts (2013) Downloads
Journal Article: Incentives for Innovation: Patents, Prizes, and Research Contracts (2013) Downloads
Working Paper: Incentives for Innovation: Patents, Prizes, and Research Contracts (2013)
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:isu:genres:37132

Access Statistics for this paper

More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2025-03-31
Handle: RePEc:isu:genres:37132