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Entrepreneurship and Innovation Policy and the Economy: Volume 2

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Management number 201816429 Release Date 2025/10/08 List Price $27.23 Model Number 201816429
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Economic forces and public policies have a significant impact on entrepreneurship and innovation. Research papers in this series explore various topics such as vaccine development, the "trilemma" of generic pharmaceuticals, patents in the transition to a carbon-free world, the effects of divestment from "dirty" industries on green innovation, the size disparities of Black-owned innovative-intensive new businesses, and the regional concentration of innovative activity in the United States.

Format: Paperback / softback
Length: 175 pages
Publication date: 05 June 2023
Publisher: The University of Chicago Press


Entrepreneurship and innovation are undeniably pivotal forces in driving economic growth and fostering long-term prosperity. This series aims to disseminate essential insights into the impact of entrepreneurial and innovative activities across various sectors of the economy. In the inaugural paper, a group of esteemed scholars, including Joseph Barberio, Jacob Becraft, Zied Ben Chaouch, Dimitris Bertsimas, Tasuku Kitada, Michael Li, Andrew Lo, Kevin Shi, and Qingyang Xu, delve into the challenges faced by pharmaceutical firms in developing vaccines against potential diseases. They explore the weak incentives for such research due to high investment risks, low expected returns, and the rarity of pandemics. The scholars propose a portfolio approach to financing vaccine research as a solution to overcome these barriers.

Moving forward, Daniel Hemel and Lisa Larrimore Ouellette examine a "trilemma" that arises after the expiration of a generic pharmaceuticals patent. They highlight the complexities in achieving simultaneous goals of price, access, and quality in a regulatory context. The scholars propose policy interventions to address this challenge effectively.

In the third paper, Silvia Dalla Fontana and Ramana Nanda examine the role of patents in transitioning to a carbon-free world. They analyze the "Net Zero patents" in clean technology and their potential for driving scientific advancements. However, they note that challenges in commercializing inventions hinder the widespread adoption of such patents, particularly in venture-backed sectors. Jacquelyn Pless explores the effects of divestment from firms in "dirty" industries on innovation aimed at combating climate change, commonly referred to as "green innovation." Through a comprehensive analysis, Pless demonstrates that investing in these firms and engaging in green corporate governance practices can foster more sustainable and innovative solutions.

The series concludes with two insightful papers by Robert Fairlie and David Robinso. Fairlie examines the impact of foreign direct investment on innovation in developing countries, highlighting the potential for technology transfer and knowledge sharing. Robinso explores the role of government policies in promoting entrepreneurship and innovation, emphasizing the importance of creating an enabling environment for startups and entrepreneurs.

In conclusion, this series provides a valuable platform for disseminating rigorous nonpartisan research on the effects of economic forces and public policy on entrepreneurship and innovation. By shedding light on the challenges and opportunities faced by these critical sectors, it contributes to our understanding of how we can foster a more dynamic and sustainable economy.

Weight: 282g
Dimension: 152 x 230 x 13 (mm)
ISBN-13: 9780226828299


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