Organization of Markets for Science and Technology - 10.1628/0932456054254489 - Mohr Siebeck

Rajeev K. Goel, Daniel P. Rich

Organization of Markets for Science and Technology

Volume 161 () / Issue 1, pp. 1-17 (17)

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The traditional concentration of basic research activities in academic settings, with applied research more prevalent in industrial settings, is a distinguishing feature of science and technology markets. This structure arises from a unique combination of product characteristics, and in turn it influences incentives, contractual relationships, and conduct associated with research efforts by organizations and individuals. We propose a conceptual framework that combines ongoing advances in the economics of internal organization with the familiar structure-conduct-performance paradigm. The observed workings of research markets, including responses to recent policy initiatives encouraging collaborative research efforts, are best understood in the context of this comprehensive framework.

Rajeev K. Goel No current data available.

Daniel P. Rich No current data available.