dc.contributor.author | Aghion, Philippe | |
dc.contributor.author | Dewatripont, Mathias | |
dc.contributor.author | Stein, Jeremy C. | |
dc.date.accessioned | 2010-02-12T17:17:56Z | |
dc.date.issued | 2008 | |
dc.identifier.citation | Aghion, Philippe, Mathias Dewatripont, and Jeremy C. Stein. 2008. Academic freedom, private-sector focus, and the process of innovation. The RAND Journal of Economics 39, no. 3: 617-635. | en_US |
dc.identifier.issn | 0741-6261 | en_US |
dc.identifier.uri | http://nrs.harvard.edu/urn-3:HUL.InstRepos:3637074 | |
dc.description.abstract | We develop a model that clarifies the respective advantages and disadvantages of academic and private-sector research. Rather than relying on lack of appropriability or spillovers to generate a rationale for academic research, we emphasize control-rights considerations, and argue that the fundamental tradeoff between academia and the private sector is one of creative control versus focus. By serving as a precommitment mechanism that allows scientists to freely pursue their own interests, academia can be indispensable for early-stage research. At the same time, the private sector's ability to direct scientists toward higher-payoff activities makes it more attractive for later-stage research. | en_US |
dc.description.sponsorship | Economics | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | RAND Corporation | en_US |
dc.relation.isversionof | http://dx.doi.org/10.1111/j.1756-2171.2008.00031.x | en_US |
dc.relation.hasversion | http://www.economics.harvard.edu/faculty/aghion/papers_aghion | en_US |
dash.license | META_ONLY | |
dc.title | Academic Freedom, Private-Sector Focus, and the Process of Innovation | en_US |
dc.type | Journal Article | en_US |
dc.description.version | Accepted Manuscript | en_US |
dc.relation.journal | The RAND Journal of Economics | en_US |
dash.depositing.author | Aghion, Philippe | |
dash.embargo.until | 10000-01-01 | |
dc.identifier.doi | 10.1111/j.1756-2171.2008.00031.x | * |
dash.contributor.affiliated | Stein, Jeremy | |
dash.contributor.affiliated | Aghion, Philippe | |