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Information about Information: Public Investments in Information Retrieval Research

Author

Listed:
  • Link, Albert N.

    () (University of North Carolina at Greensboro, Department of Economics)

  • Rowe, Brent R.

    () (RTI International)

  • Wood, Dallas W.

    () (RTI International)

Abstract

Information retrieval (IR) is the science and practice of matching information seekers with the information being sought. Research on IR focuses on improving the effectiveness and efficiency of retrieval techniques and evaluating competing retrieval mechanisms. For example, Internet search engines utilize IR techniques to provide relevant information to users. In the United States, about $29 million of public support has been devoted to IR research over the past two decades. Through the activities of the Text Retrieval Conference (TREC) program with the U.S. National Institute of Standards and Technology (NIST). Here, we show empirically that research organizations worldwide that avail themselves of this information have relatively greater IR performance.

Suggested Citation

  • Link, Albert N. & Rowe, Brent R. & Wood, Dallas W., 2011. "Information about Information: Public Investments in Information Retrieval Research," UNCG Economics Working Papers 11-10, University of North Carolina at Greensboro, Department of Economics.
  • Handle: RePEc:ris:uncgec:2011_010
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    References listed on IDEAS

    as
    1. Gregory Tassey, 2005. "Underinvestment in Public Good Technologies," The Journal of Technology Transfer, Springer, vol. 30(2_2), pages 89-113, January.
    2. Elias G. Carayannis & Aris Kaloudis & ├ąge Mariussen, 2008. "Introduction," Chapters,in: Diversity in the Knowledge Economy and Society, chapter 1 Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Information retrieval; public goods; knowledge production function;

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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