Knowledge and Incentives in Policy

Knowledge and Incentives in Policy
Author: Stefanie Haeffele
Publisher: Rowman & Littlefield
Total Pages: 302
Release: 2018-06-04
Genre: Political Science
ISBN: 1786603993

This book, authored by public policy practitioners and researchers, tackle such pressing issues as public education, the process for approving medical devices, tax policy, and land use regulation.

Individual Preferences, Organization, and Competition in a Model of R & D Incentive Provision

Individual Preferences, Organization, and Competition in a Model of R & D Incentive Provision
Author: Nicola Lacetera
Publisher:
Total Pages: 33
Release: 2011
Genre: Economics
ISBN:

Abstract: Understanding the organization of R & D activities requires the simultaneous consideration of scientific workers' talent and tastes, companies' organizational choices, and the characteristics of the relevant industry. We develop a model of the provision of incentives to corporate scientists, in an environment where (1) scientists engage in multiple activities when performing research; (2) knowledge is not perfectly appropriable; (3) scientists are responsive to both monetary and non-monetary incentives; and (4) firms compete on the product market. We show that both the degree of knowledge spillovers and of market competition affect the incentives given to scientists, and these effects interact. First, high knowledge spillovers lead firms to soften incentives when product market competition is high, and to strengthen incentives when competition is low. Second, the relationship between the intensity of competition and the power of incentives is U-shaped, with the exact shape depending on the degree of knowledge spillovers. We also show that the performance-contingent pay for both applied and basic research increases with the non-pecuniary benefits that scientists obtain from research. We relate our findings to the existing empirical research, and also discuss their implications for management and public policy.

Innovation Policy in a Knowledge-Based Economy

Innovation Policy in a Knowledge-Based Economy
Author: Patrick Llerena
Publisher: Springer Science & Business Media
Total Pages: 362
Release: 2006-01-16
Genre: Science
ISBN: 3540264523

Patrick Llerena and Mireille Matt BETA, Strasbourg, E-mail: pllerena@coumot. u-strasbg. fr BETA, Strasbourg, E-mail: matt@coumot. u-strasbg. fr 0. 1 Why Analyze Innovation Policies From a Knowledge- Based Perspective? It is broadly accepted that we have moved (or are moving) to a knowled- based economy, characterized at least by two main features: that knowl edge is a major factor in economic growth, and innovation processes are systemic by nature. It is not surprising that this change in the economic paradigm requires new analytical foundations for innovation policies. One of the purposes of this book is to make suggestions as to what they should include. Underpinning all the chapters in this book is a conviction of the impor tance of dynamic and systemic approaches to innovation policy. Nelson (1959)^ and Arrow (1962)^ saw innovation and the creation of new knowl edge as the emergence and the diffusion of new information, characterized essentially as a public good. The more recent theoretical literature regarded the rationale for innovation policies as being to provide solutions to "mar ket failures". Today, however, knowledge is seen as multidimensional (tacit vs. codified) and open to interpretation. Acknowledging that the creation, coordination and diffusion of knowledge are dynamic and cumu lative processes, and that innovation processes result from the coordination of distributed knowledge, renders the "market failure" view of innovation policies obsolete. Innovation policies must be systemic and dynamic.

Individual Preferences, Organization, and Competition in a Model of R&D Incentive Provision

Individual Preferences, Organization, and Competition in a Model of R&D Incentive Provision
Author: Nicola Lacetera
Publisher:
Total Pages: 33
Release: 2014
Genre:
ISBN:

Understanding the organization of Ramp;D activities requires the simultaneous consideration of scientific workers' talent and tastes, companies' organizational choices, and the characteristics of the relevant industry, in particular the competitive pressure. We develop a model of the provision of incentives to corporate scientists, in an environment where (1) scientists engage in multiple activities when performing research; (2) knowledge is not perfectly appropriable; (3) scientists are responsive to both monetary and non-monetary incentives; and (4) firms compete on the product market. We show that the degree of knowledge spillovers and of market competition both affect the incentives given to scientists, and these effects interact. First, high knowledge spillovers lead firms to soften incentives when product market competition is high, and to strengthen incentives when competition is low. Second, the relationship between the intensity of competition and the power of incentives is U-shaped, with the exact shape depending on the degree of knowledge spillovers. We also show that the performance-contingent pay for both applied and basic research increases with the non-pecuniary benefits scientists obtain from research. We discuss the implications of our findings for empirical research as well as for management and public policy.

Institutions and Incentives in Public Policy

Institutions and Incentives in Public Policy
Author: Rosolino Candela
Publisher: Economy, Polity, and Society
Total Pages: 0
Release: 2022
Genre: Policy sciences
ISBN: 9781538160930

Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making explores, both in theory and in practice, the consequences of using public policy as a tool to achieve specific individual and social goals, as well as its impact on private solutions to address such goals. The chapters examine the institutional incentives that operate in non-market settings, both governmental and non-governmental, using the theoretical frameworks of market process theory and public choice theory, they analyze a diverse set of contemporary public policy issues at both the domestic and international levels. Authored by individuals from a variety of disciplines with diverse interests in public policy, this work includes discussions of topics, such as foreign aid, education policy, environmental policy, health care policy, and the construction of private cities. This volume is relevant to scholars, students, policymakers, and knowledgeable citizens interested in the study of economics, political science, public policy, as well as those interested in particular policies rather than specific disciplines.

Building Knowledge Economies

Building Knowledge Economies
Author:
Publisher: World Bank Publications
Total Pages: 212
Release: 2007
Genre: Computers
ISBN: 082136958X

In many parts of the world, knowledge is being put to work to accelerate and deepen the development process, promoting innovation and helping to generate wealth and jobs. This book discusses advanced development strategies that take into account education, information and communication technology, infrastructure, innovation, and the prerequisite economic and institutional regimes.

Rewards and Reform

Rewards and Reform
Author: Jennifer A. O'Day
Publisher: Jossey-Bass
Total Pages: 408
Release: 1996-05-06
Genre: Education
ISBN:

Rewards and Reform offers a comprehensive view of student, teacher, managerial, and organizational incentives and shows how they are linked to school reform goals. Noted experts in education policy, practice, and research, as well as respected thinkers and practitioners from the public and private sectors, consider a variety of incentive approaches.Drawing from such diverse sources as studies of performance incentives, reforms in Vermont, school structuring in New York City, private sector research on management, and current theories of motivation and organizational development, the book explains the underlying issues surrounding incentives and reform and provides a framework for future research and policy. The book shows, for example, how workplace redesigns could answer teachers' needs for autonomy and participation--and so bolster the professional nature of teaching. It also examines alternative ways of thinking about teacher compensation.