Construct · 1 fields · 1 citations

underinvestment in basic research: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
underinvestmentin basic research1 CONSTRUCTUnderinvestment in basicNELSON · SCIENCE AND

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Science and innovation policy

the argument that private firms invest less in basic research than is socially optimal because they cannot capture its benefits.

In science and innovation policy, underinvestment in basic research refers to the argument that private firms invest less in basic research than is socially optimal because they cannot capture its benefits. This meaning comes from Nelson (1959) in Journal of Political Economy.[1]

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Nearby constructs

argument3 fields · 3 citationsjingle · one word, three constructsbasic research1 fields · 1 citationsanchor · a standalone constructcapture4 fields · 4 citationsjingle · one word, four constructs

References

  1. Nelson, R. R. (1959). The Simple Economics of Basic Scientific Research. Journal of Political Economy, 67(3), 297-306. https://doi.org/10.1086/258177

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