Market place for R and D outcomes: its function and significance in the innovation process
The market place for research and development (R and D) outcomes, an important economic institution in the innovation process, is examined in this study. R and D outcomes, or the goods being exchanged in the market place, are bundles of property rights associated with the output of whatever R and D activities have already been completed during the course of R and D efforts. Such efforts are directed toward producing or lead to the production of technological innovations. The study has three objectives: (1) to develop a theory of the market place for R and D outcomes and demonstrate that it has significant utility in explaining the economics of technological innovation; (2) to illustrate how application of the theory helps explain the behavior of actors in the innovation process as they engage in a variety of innovative activities and as such activities occur under different situations; and (3) to utilize the theory to explain the role of government policy in the innovation process. These objectives are achieved by first developing a typology of transactions or categories of exchange in the market place.
- Research Organization:
- Minnesota Univ., Minneapolis (USA)
- OSTI ID:
- 5553435
- Resource Relation:
- Other Information: Thesis (Ph. D.)
- Country of Publication:
- United States
- Language:
- English
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