We develop a framework for analyzing the role of public agencies in making high-risk
investments along the innovation chain and ask how both the risks of innovation and the …

Max Rolfstam examines the increasing emphasis on public procurement as a means to
stimulate innovation and the theoretical implications of this policy development. While …

Economic theory justifies policy when there are concrete market failures. The article shows
how in the case of innovation, successful policies that have led to radical innovations have …

Research Abstract We examine how the US Federal Government governs R&D contracts
with private‐sector firms. The government chooses between two contractual forms: grants …

Research and development (R & D) leads to innovation, and innovation leads to
technological change. Technological change, in turn, is the primary driver of economic …

The nature of innovation market failure and the design of public support for private
innovation - ScienceDirect Skip to main contentSkip to article Elsevier logo Journals & …

Recent thinking about innovation and industrial policy emphasises purposeful related
diversification strategies or more transformative—but potentially riskier—challenge …

Inadequate investment in innovation is particularly costly in today's globally competitive
environment where continued technological advancements are critical to sustaining …

After several decades of market fundamentalism and the drive for smaller governments,
most countries—advanced, emerging or developing—are facing the need for rethinking the …

Public procurement accounts for a significant proportion of overall demand for goods and
services and is increasingly seen as an attractive and feasible instrument for furthering the …