1. Author: Paul A. David and Bronwyn H. Hall Title: Heart of Darkness: Modeling Public-Private Funding Interactions Inside the R&D Black Box Publisher: Stanford Institute for Economic Policy Research Publication Date: 2001

Key Points:

  • The authors propose a model to analyze the interactions between public and private funding in research and development (R&D) activities.
  • The model considers the "black box" of R&D, where the actual innovation process takes place, and the role of public funding in supporting private investments in R&D.
  • The authors argue that public funding can have a positive effect on private R&D investments through various channels, such as reducing the risk of failure, providing complementary inputs, and creating spillover effects.
  • The model is applied to the case of the pharmaceutical industry, where public funding has played a significant role in supporting drug development.
  1. Author: David C. Mowery and Nathan Rosenberg Title: Paths of Innovation: Technological Change in 20th-Century America Publisher: Cambridge University Press Publication Date: 1998

Key Points:

  • The authors analyze the paths of innovation in the United States in the 20th century, focusing on the role of universities, government, and industry.
  • They argue that universities have played a crucial role in developing new technologies through basic research, which has often been supported by public funding.
  • The authors also highlight the role of government in promoting innovation through various policies, such as the Bayh-Dole Act, which allowed universities and small businesses to retain ownership of intellectual property arising from federally-funded research.
  • The book provides a historical perspective on the interaction between public and private funding in promoting technological change.
  1. Author: Maryann P. Feldman and Irwin Feller Title: The Economics of Science and Technology Publisher: John Wiley & Sons Publication Date: 2011

Key Points:

  • The book provides a comprehensive overview of the economics of science and technology, covering topics such as innovation, intellectual property, and the role of public policy.
  • The authors analyze the interactions between public and private funding in promoting innovation, arguing that both types of funding are necessary for a vibrant innovation system.
  • They also highlight the importance of collaboration between universities, government, and industry in promoting innovation and technology transfer.
  • The book provides a theoretical framework for understanding the economics of innovation and its relationship to public policy.
  1. Author: Robert D. Atkinson Title: Innovation Economics: The Race for Global Advantage Publisher: Yale University Press Publication Date: 2012

Key Points:

  • The author argues that innovation is the key driver of economic growth and competitiveness in the global economy.
  • He analyzes the role of public policy in promoting innovation, arguing that government investments in R&D, education, and infrastructure are crucial for fostering innovation.
  • The author also highlights the importance of public-private partnerships in promoting innovation, such as the Advanced Research Projects Agency-Energy (ARPA-E) in the United States.
  • The book provides a policy-oriented perspective on the role of public funding in promoting innovation and economic growth.
  1. Author: Wesley M. Cohen and Richard R. Nelson Title: Public vs. Private Science: A Knowledge Flow Perspective Publisher: Research Policy Publication Date: 2002

Key Points:

  • The authors analyze the knowledge flows between public and private science, focusing on how these flows affect innovation and economic growth.
  • They argue that public science plays a crucial role in generating new knowledge through basic research, which can then be transferred to private firms for commercialization.
  • The authors also highlight the importance of private science in developing new technologies that can be applied in various industries.
  • The paper provides a framework for understanding the interactions between public and private science and their role in promoting innovation and economic growth
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