Ten years ago, donors committed $1.5 billion to a pilot Advance Market Commitment (AMC) to help purchase pneumococcal vaccine for low-income countries. The AMC aimed to encourage the development of [...]
For those who have not read Isaac Chotiner’s interview of Richard Epstein on the latter’s “Coronavirus Perspective” (originally titled “Coronavirus isn’t a Pandemic”), please do. Epstein’s article (after correcting an [...]
News and Commentary The COVID-19 outbreak makes getting physical books from the library difficult, and the need to keep people distracted at home all the more important. That's why Internet [...]
This chapter provides an overview of grant funding as an innovation policy tool aimed at both practitioners and science policy scholars. We first discuss how grants relate to other contractual [...]
This paper exploits exogenous variation in the adoption of copyrights – as a result of the timing of Napoléon’s military victories in Italy – to examine the effects of copyrights [...]
News and Commentary While the Tillis/Coons DMCA 2020 hearings aren't coming back anytime soon, it's important to remember that while many have always had an axe to grind in the [...]
Innovation is important for firm performance and broader economic growth. But breakthrough innovations necessarily require greater risk-taking than more incremental approaches. To understand how managers respond to uncertainty when making [...]
News and Commentary Here's an interesting article from The Columbia Journal of Law and Arts examining the nature of copyright law in the context of "revenge porn," centering on to what [...]
Whenever policymakers consider approaches to reduce drug spending, the pharmaceutical industry sings a familiar refrain— any reduction in drug manufacturer revenues will cause investment to wither, depriving manufacturers of the [...]
As yet another coronavirus spreads around the globe, scientists are once again trying to develop new treatments and vaccines. Much remains unknown about this family of viruses. But we know [...]