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Author:Carraro, C.
Siniscalco, D.
Title:Science versus profit in research
Journal:Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 576-590
Index terms:Profit
Research
Science
Science policy
Language:eng
Abstract:Science and technology in research policy are considered in this paper. In recent literature on the economics of knowledge science and technology are defined as distinct institutional arrangements, broadly corresponding to nonmarket and market allocation mechanisms. Previous analyses argued that science and technology can and should coexist within an economic system or society. It is shown in this paper that science and technology tend to coexist - and should coexist on welfare grounds - also within the same research field, and even when researhcers are perfectly identical.
SCIMA record nr: 249798
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