We review the recent literature on financing biomedical innovation, with a specific focus on
the drug development process and how it may be enhanced to improve outcomes. We begin …

Innovation inducement prizes have been used for centuries. In the U nited S tates, a recent
federal policy change—the A merica COMPETES R eauthorization A ct of 2010—clarified …

Creating a Learning Society: A New Approach to Growth, Development, and Social Progress,
Reader's Edition Page 1 Creating a Learning Society KENNETH J. ARROW LECTURE SERIES …

The case against patents can be summarized briefly: there is no empirical evidence that they
serve to increase innovation and productivity, unless productivity is identified with the …

A guide to the pandemic economy: essential reading about the long-term implications of our
current crisis. The COVID-19 pandemic has unleashed a firehose of information (much of it …

The coronavirus disease 2019 (COVID-19) pandemic response brought forth major changes
in innovation policy. This article takes stock of the key features of the COVID-19 innovation …

Do intellectual property (IP) rights on existing technologies hinder subsequent innovation?
Using newly collected data on the sequencing of the human genome by the public Human …

This article involves a conceptual evaluation of a large-scale innovation policy experiment—
so-called smart specialization strategies (S3s)—that took place within the framework of the …

Es algo conocido, desde hace mucho tiempo, que el desarrollo de la calidad de vida es el
resultado de los avances en el conocimiento y la tecnología, no de la acumulación de …

This paper studies the global R&D effort to fight the deadliest diseases. We find:(1) the
elasticity of R&D effort with respect to market size is about 1/2 in the cross-section of …