Science vs. Profit in Research Lessons from the human genome project
Data
01.01.2001
01.01.2001
Autori
Domenico Siniscalco, Alessandra Pomè, Carlo Carraro
Codice JEL
D78,H4,H23,O32,O38
D78,H4,H23,O32,O38
Parole chiave:
Science,technology,allocation mechanisms,intellectual property rights,welfare
Science,technology,allocation mechanisms,intellectual property rights,welfare
Publisher
Economy and Society
Economy and Society
Editor
Gianmarco I.P. Ottaviano
Gianmarco I.P. Ottaviano
This paper elaborates on the recent race to sequence the human genome. Starting from the debate on public vs. private research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities play an important role, market and non-market allocation mechanisms do coexist and should coexist in order to ensure socially desirable achievements. A game-theoretic model makes it possible to demonstrate the above results and to characterise some features of an optimal research policy.