Innovation Policy and the Economy, Volume 5

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Adam B. Jaffe, Josh Lerner, Scott Stern
National Bureau of Economic Research, 2005 - Business & Economics - 165 pages
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The economic importance of innovation brings with it an active debate on the impactpublic policy has on the innovation process. This annual series, sponsored by the National Bureau ofEconomic Research, brings the work of leading academic researchers to the broader policy community.This volume considers such topics as the implications of software outsourcing for Americantechnology leadership; the complementary roles of large corporations and entrepreneurs in developinginnovative technology; city-level policy and planning that establishes a "jurisdictional advantage"in the value of local resources; the effect of taxes on entrepreneurship; and how to incorporateinnovation into the analysis of business mergers. These papers highlight the role economic theoryand empirical analysis can play in evaluating policies and programs regarding research, innovation,and the commercialization of new technologies.

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About the author (2005)

Adam B. Jaffe is Fred C. Hecht Professor in Economics and Dean of Arts and Sciences atBrandeis University.

Josh Lerner is Jacob H. Schiff Professor of Investment Banking at Harvard Business School,with a joint appointment in the Finance and Entrepreneurial Units. He is the author of TheBoulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital HaveFailed and What to Do About It.

Scott Stern is Associate Professor of Management and Strategy at the Kellogg School ofManagement, Northwestern University.

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