In this Chapter I briefly discuss some theoretical issues in public policy, with particular reference to policies on innovation and research. I start with the standard theory of market failure and the criticism it has received. I then discuss the approach of system failure, criticising its limited informational basis. Finally, the Chapter briefly discusses the role of non-market institutions and the state.
An introduction to policies
Michele capriati
2018-01-01
Abstract
In this Chapter I briefly discuss some theoretical issues in public policy, with particular reference to policies on innovation and research. I start with the standard theory of market failure and the criticism it has received. I then discuss the approach of system failure, criticising its limited informational basis. Finally, the Chapter briefly discusses the role of non-market institutions and the state.File in questo prodotto:
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