The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution
Author(s)
Aghion, Philippe; Dewatripoint, Mathias; Kolev, Julian; Murray, Fiona E.; Stern, Scott
DownloadAgion et al AEA P and P 2010.pdf (267.0Kb)
PUBLISHER_POLICY
Publisher Policy
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
Terms of use
Metadata
Show full item recordAbstract
How do public and private researchers
respond to a breakthrough inducing new
research opportunities? Modeling the process of
step-by-step innovation as a control rights problem,
this paper evaluates comparative research
strategies of public versus private researchers
as they respond to a common breakthrough
that induces many potential follow-on research
paths. While the opportunity may be common
to all researchers, differences in the degree of
freedom afforded researchers results in the
endogenous sorting of research projects; as a
result, public and private researchers will produce
distinctive research outputs, as measured
by publications and patents.
Date issued
2010-05Department
Sloan School of ManagementJournal
American Economic Review
Publisher
American Economic Association
Citation
Aghion, Philippe et al. “The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution.” American Economic Review 100.2 (2010): 153-158. © 2010 The American Economic Association
Version: Final published version
ISSN
0002-8282
1944-7981