Should the government subsidize innovation or automation?

Why the Government Should Subsidize the Purchase of Patented Pharmaceuticals

Economist Michael Kremer recently proposed that the government offer to buy important pharmaceutical patents from their respective patent holdersJ His argument is that public ownership would largely eliminate the monopolist ic distortions caused by the patent system, distortions that tend to be especially acute in the pharmaceutical context, z Under Kremer ' s proposal, the government would pay...

Should We Subsidize Longevity ?

This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be justified on two grounds: correction for a lack of farsightedness and redistribution across both earni...

Why innovation matters—and what the government should do about it

Open Innovation Communities...or should it be “Networks”?

Open innovation appears now as an effective strategy to provide organizations with access to a wider range of ideas in the worldwide market of ideas, thus reduc-ing the costs associated with R&D. In the context of open innovation, the concepts of both community and network have been introduced to describe the Solvers (creative people and organizations that propose solutions), the Seekers (organ...

Government Innovation Through Knowledge Management

introduction Contemporary organizations face the challenge of growing and advancing in a complex and changing environment (Johannessen, Olaisen, & Olsen, 2001; Malhotra, 2000). In order to accomplish this objective, private organizations continuously innovate to attract customers (Johannessen et al.). Competition has been accelerated by information technology, which allows the appearance of new...