The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation

By Stephen Martin, J. T. Scott. 2000

618 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8d93ca796f016e2d7893d3711b58f78a424e35e3

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Citations in the corpus

Radical or incremental: Where does R&D policy hit?* (2016, neutral): “…in R&D efforts due to market imperfections including limited approbiability, lower private than social returns, financial market constraints, high risks about technological standards, high costs and high uncertainty of R&D projects and further forms of negative externalities (Martin & Scott, 2000).”
Innovation and the Development Agenda (2010, background): “The concept of innovation systems was pioneered and elaborated within a framework of evolutionary technical change by Nelson and Winter (1982), Rosenberg (1982) and Freeman (1987), among others.”
University-industry linkages in the UK: What are the factors underlying the variety of interactions with industry? (2007, neutral): “attention (Mansfield, 1995; Branscomb et al, 1999; Etzkowitz & Leydesdorff, 2000; ”
Technological Change and the Environment (2001, neutral): “…the effect of market structure on innovation (Scherer 1986; Sutton 1998); market failures related to innovation and appropriate policy responses (Martin and Scott 2000); the economic effects of publicly funded research (David et al. 2000); the economic effects of the patent system (Jaffe 2000);…”
The creation of spin-off firms at public research institutions: Managerial and policy implications (2005, background): “The initiatives we have described were undertaken by national governments to overcome innovation market failure (Martin and Scott, 2000), especially for small firms that may have insufficient financial and human capital to thrive in the marketplace (e.g. the U.S. SBIR program).”
Environmental Policy and Technological Change (2002, background): “Economists have examined a diverse set of issues associated with technological change that go well beyond those analyses that have focused directly on implications for environmental policy, including: the theory of incentives for research and development (Tirole 1988; Reinganum 1989; Geroski 1995); ”
Exporting and innovation performance: Analysis of the annual Small Business Survey in the UK (2011, background): “Particularly in the context of small firms, policy makers have struggled to find mechanisms to encourage innovation directly (see Martin and Scott, 2000).”