منابع مشابه
Innovation and Market Design
Market design plays an essential role in promoting innovation. I examine emission allowance auctions, airport slot auctions, spectrum auctions, and electricity markets, and demonstrate how the market design can encourage innovation. Improved pricing information is one source of innovation. Enhancing competition is another driver of innovation seen in all of the applications. Market design foste...
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We relate the sources of innovation market failure to the dominant mode of sectoral innovation and outline mechanisms for public support of innovation that target specific sources of innovation market failure. q 2000 Elsevier Science B.V. All
متن کاملInnovation, Imitation, and Market Structure
How do market structure and the characteristics of goods affect the incentives to create new goods (to innovate) and to copy them (to imitate).In this paper we consider an economy in which goods differ according to their production technology, which determines the market structure, and according to the fraction of R&D (think knowledge or information) that it takes to create them. After innovati...
متن کاملMarket incentives and pharmaceutical innovation.
I study the impact of the Orphan Drug Act (ODA), which established tax incentives for rare disease drug development. I examine the flow of new clinical drug trials for a large set of rare diseases. Among more prevalent rare diseases, the ODA led to a significant and sustained increase in new trials. The impact for less prevalent rare diseases was limited to an increase in the stock of drugs. Ta...
متن کاملMarket Structure and Environmental Innovation
This paper studies ...rms’ incentives to invest in environmental R&D under different market structures (Cournot and Bertrand) and environmental policy instruments (emission standards, taxes, tradeable permits and auctioned permits). Because of market strategic e¤ects, R&D incentives vary widely across market structures and instruments. For example, when ...rms’ products are strategic substitute...
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ژورنال
عنوان ژورنال: Innovation Policy and the Economy
سال: 2009
ISSN: 1531-3468,1537-2618
DOI: 10.1086/592423