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The Socio–Economic Impact of a Breakthrough in the Particle Accelerators’ Technology: A Research Agenda

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  • Massimo FLORIO

    ()

  • Andrea BASTIANIN

    ()

  • Paolo CASTELNOVO

    ()

Abstract

Preliminary evidence on the long–run trajectory of the accelerator industry suggests that it may be close to have reached the maturity phase of its cycle. If this is the case, how can we measure the benefits an uncertain breakthrough in acceleration technology? Who are the main stakeholders interested by such a breakthrough? We identify these subjects and sketch some avenues for answering these questions. We thus present a model for the social Cost-Benefit Analysis (CBA) of research infrastructures and illustrate the results of its implementation for assessing the benefits of accelerators in basic science and hadrontherapy. Lastly, we move from the social CBA of single research infrastructures to the modeling a major change in the accelerator technology and hence in the industry. A research agenda on the potential impacts of a technological breakthrough is presented.

Suggested Citation

  • Massimo FLORIO & Andrea BASTIANIN & Paolo CASTELNOVO, 2017. "The Socio–Economic Impact of a Breakthrough in the Particle Accelerators’ Technology: A Research Agenda," Departmental Working Papers 2017-18, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2017-18
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    File URL: http://wp.demm.unimi.it/files/wp/2017/DEMM-2017_18wp.pdf
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    More about this item

    Keywords

    Logistic function; Technological breakthrough; Cost–benefit analysis; Delphi method; Innovation;

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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