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.
2018
978-1-138-85781-0
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11586/322453
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