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

Stephen Martin () and John Scott

No 1999-02, CIE Discussion Papers from University of Copenhagen. Department of Economics. Centre for Industrial Economics

Abstract: We relate the sources of innovation market failure to the dominant mode of sectoral innovation and outline mechanisms for public support of innovation that target specific sources of innovation market failure.

Keywords: innovation; technological change; innovation policy (search for similar items in EconPapers)
JEL-codes: O31 O38 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1999-03
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Citations: View citations in EconPapers (53)

Published in: Research Policy 29(4-5), April 2000, pp. 437-47

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