The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution
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 commo...
| Main Authors: | , , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2012
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| Online Access: | http://hdl.handle.net/1721.1/69103 https://orcid.org/0000-0001-7570-8044 https://orcid.org/0000-0003-2328-3229 |
| _version_ | 1826205652914012160 |
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| author | Aghion, Philippe Dewatripoint, Mathias Kolev, Julian Murray, Fiona E. Stern, Scott |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Aghion, Philippe Dewatripoint, Mathias Kolev, Julian Murray, Fiona E. Stern, Scott |
| author_sort | Aghion, Philippe |
| collection | MIT |
| description | 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. |
| first_indexed | 2024-09-23T13:16:47Z |
| format | Article |
| id | mit-1721.1/69103 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:16:47Z |
| publishDate | 2012 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | mit-1721.1/691032022-10-01T14:11:58Z The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution Aghion, Philippe Dewatripoint, Mathias Kolev, Julian Murray, Fiona E. Stern, Scott Sloan School of Management Stern, Scott Stern, Scott Murray, Fiona E. 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. National Science Foundation (U.S.) (grant 0738394) 2012-02-15T13:46:39Z 2012-02-15T13:46:39Z 2010-05 Article http://purl.org/eprint/type/JournalArticle 0002-8282 1944-7981 http://hdl.handle.net/1721.1/69103 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 https://orcid.org/0000-0001-7570-8044 https://orcid.org/0000-0003-2328-3229 en_US http://dx.doi.org/10.1257/aer.100.2.153 American Economic Review 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. application/pdf American Economic Association Prof. Stern via Alex Caracuzzo |
| spellingShingle | Aghion, Philippe Dewatripoint, Mathias Kolev, Julian Murray, Fiona E. Stern, Scott The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution |
| title | The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution |
| title_full | The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution |
| title_fullStr | The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution |
| title_full_unstemmed | The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution |
| title_short | The Public and Private Sectors in the Process of Innovation: Theory and Evidence from the Mouse Genetics Revolution |
| title_sort | public and private sectors in the process of innovation theory and evidence from the mouse genetics revolution |
| url | http://hdl.handle.net/1721.1/69103 https://orcid.org/0000-0001-7570-8044 https://orcid.org/0000-0003-2328-3229 |
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