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Rethinking Public Funding of Biomedical Science

Author

Listed:
  • Link, Albert

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

  • Danziger, Robert

    () (University of Illinois at Chicago)

  • Scott, John

    () (Dartmouth College, Department of Economics)

Abstract

This paper offers the perspective that public policy should provide incentives to make university ideas freely available and widely disseminated. Then, industrial R&D, in some cases with university partners, could develop patentable, commercializable biomedical products, and the industrial R&D would provide feedback to stimulate new directions for university research and ideas.

Suggested Citation

  • Link, Albert & Danziger, Robert & Scott, John, 2018. "Rethinking Public Funding of Biomedical Science," UNCG Economics Working Papers 18-2, University of North Carolina at Greensboro, Department of Economics.
  • Handle: RePEc:ris:uncgec:2018_002
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    More about this item

    Keywords

    R&D; innovation; Bayh-Dole Act; industry-university partnerships;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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