Working Paper Series

Procuring Knowledge

Authors

  • Suzanne Scotchmer, Goldman School of Public Policy, University of California, Berkeley
  • Stephen M. Maurer, Goldman School of Public Policy, University of California, Berkeley

History

  • Goldman School of Public Policy Working Paper (May 2004)

Abstract

There is growing public interest in alternatives to intellectual property including, but not limited to, prizes and government grants. We collect various
historical and contemporary examples of alternative incentives, and show when they are superior to intellectual property. We also give an explanation for why federally funded R&D has moved from an intramural activity to largely a grant process. Finally, we observe that much research is supported by a hybrid system of public and private sponsorship, and explain why this makes sense in some circumstances.

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