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The politics of commercial R&D programs

Banks , Jeffrey S. and Cohen, Linda R. and Noll, Roger G. (1991) The politics of commercial R&D programs. In: The Technology Pork Barrel. Brookings Institution , Washington, DC, pp. 53-76. ISBN 0815715080. https://resolver.caltech.edu/CaltechAUTHORS:20160526-070658298

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Abstract

The Selection and management of commercial research and J. development projects differ between the public and private sectors in two important respects. One is the inclusiveness of the economic effects considered in evaluating a project. Private decisions are largely motivated by prospective profitability, whereas a wider array of social benefits and costs are relevant in the public sector. Specifically, public decisions would normally take into account economic benefits accruing to parties other than the innovating firm (such as competitive copiers of the technology and the customers of the industry), as well as any external costs from adopting the innovation (such as increased environmental pollution).


Item Type:Book Section
Additional Information:© 1991 Brookings Institution.
Record Number:CaltechAUTHORS:20160526-070658298
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20160526-070658298
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:67371
Collection:CaltechAUTHORS
Deposited By: Ruth Sustaita
Deposited On:26 May 2016 20:07
Last Modified:03 Oct 2019 10:05

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