Research and Development and Economic Theory

Schneider, C.M. (1994). Research and Development and Economic Theory. In: Research and Development Management: From the Soviet Union to Russia. pp. 11-29 Germany: Springer Berlin/Heidelberg. ISBN 978-3-662-30372-6 10.1007/978-3-662-30372-6_2.

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he optimal organization of research and development (R&D) in a market economy is one of the unsettled questions of economics. R&D has great externalities that make its support more complicated than the support needed for most goods. In a market system the private benefits and private costs are contrasted to approximate the social welfare. Thus, the organization of R&D has become a key issue in the transition to a market system of the former centrally planned economies. This is particularly true for the former USSR, which has been a major source of science and technology.

Item Type: Book Section
Depositing User: Romeo Molina
Date Deposited: 04 May 2016 09:14
Last Modified: 27 Aug 2021 17:41

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