Skip to main content

Advertisement

SpringerLink
Log in

The Market for Knowledge Brokers

  • Published:
Small Business Economics Aims and scope Submit manuscript

Abstract

A widely-used policy to diminish the market failure on the market for innovations is the provision of R&D subsidies. However, the absence of competition at several stages of the procurement process could lead to inefficient use of these subsidies. To introduce more competition, a market for knowledge brokers could be created. The role of these knowledge brokers would be at four stages of the procurement process: (i) placing the call for tender; (ii) obtaining research proposals; (iii) monitoring the research efforts; and (iv) disseminating the research results. It can be expected that creation of such a market yields a better match between demand and supply on the market for R&D, yields a higher quality research product for a given price and that it increases the dissemination of research results.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  • Arrow, K. J., 1962, 'Economic Welfare and the Allocation of Resources for Invention', in R. R. Nelson (ed.), The Rate and Direction of Inventive Activity: Economic and Social Factors, Princeton: Princeton University Press.

    Google Scholar 

  • Busom, I., 2000, 'An Empirical Evaluation of the Effects of R&;D Subsidies', Economics of Innovation and New Technology 9, 111-148.

    Google Scholar 

  • David, P. A., B. H. Hall and A. A. Toole, 2000, 'Is public R&;D a Substitute or Complement for Private R&;D? A Review of the Econometric Evidence', Research Policy 29, 497-529.

    Google Scholar 

  • Demski, J. S. and D. Sappington, 1984, 'Optimal Incentive Contracts with Multiple Agents', Journal of Economic Theory 33, 152-171.

    Google Scholar 

  • Eaton, J. and S. Kortum, 1999, 'International Technology Diffusion: Theory and Measurement', International Economic Review 40(3), 537-570.

    Google Scholar 

  • Goolsbee, A., 1998, 'Does Government R&;D Policy Mainly Benefit Scientists and Engineers?', American Economic Review 88(2), 298-302.

    Google Scholar 

  • Guellec, D. and B. van Pottelsberghe de la Potterie, 1997, 'Does Government Support Stimulate Private R&;D?', OECD Economic Review 29, 95-122.

    Google Scholar 

  • Hinloopen, J., 1997, 'Subsidizing Cooperative and Noncooperative R&;D in Duopoly with Spillovers', Journal of Economics 66(2), 151-175.

    Google Scholar 

  • Hinloopen, J., 2000a, 'Subsidizing Cooperative and Noncooperative R&;D: An Equivalence Result?', Economics of Innovation and New Technology 9(4), 317-329.

    Google Scholar 

  • Hinloopen, J., 2000b, 'More on Subsidizing Cooperative and Noncooperative R&;D in Duopoly with Spillovers', Journal of Economics 72(3), 295-308.

    Google Scholar 

  • Hinloopen, J., 2001, 'Subsidizing Strategic R&;D Cooperatives', De Economist 149(3), 313-345.

    Google Scholar 

  • Klette, T. J., J. Møen and Z. Griliches, 2000, 'Do Subsidies to Commercial R&;D Reduce Market Failures? Microeconometric Evaluation Studies', Research Policy 29, 471-495.

    Google Scholar 

  • Leahy, D. and J. P. Neary, 1997, 'Public Policy Towards R&;D in Oligopolistic Industries', American Economic Review 87(4), 642-662.

    Google Scholar 

  • Marey, P. and L. Borghans, 1999, Wage Elasticities of the Supply of Knowledge Workers in The Netherlands, Maastricht: Research Centre for Education and Labour Market (ROA), University of Maastricht.

    Google Scholar 

  • Martin, S. and J. T. Scott, 2000, 'The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation', Research Policy 29, 437-447.

    Google Scholar 

  • Mookherjee, D., 1984, 'Optimal Incentive Schemes with Many Agents', Review of Economic Studies 51, 433-446.

    Google Scholar 

  • Romano, R. E., 1989, 'Aspects of R&;D Subsidization', Quarterly Journal of Economics CIV(4), 863-873.

    Google Scholar 

  • Romer, P. M., 1993, 'Implementing a National Technology Strategy with Self-Organizing Industry Investment Boards', Brookings Papers: Microeconomics 2, 345-390.

    Google Scholar 

  • Spence, M., 1984, 'Cost Reduction, Competition, and Industry Performance', Econometrica 54(1), 101-121.

    Google Scholar 

  • Wallsten, S. J., 2000, 'The Effects of Government-Industry R&;D Programs on Private R&;D: The Case of the Small Business Innovation Research Program', RAND Journal of Economics 31, 82-100.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Faculty of Economics and Economics and Econometrics, Department of Economics, University of Amsterdam, Roetersstraat 11, 1018 WB, Amsterdam, The Netherlands E-mail

    Jeroen Hinloopen

Authors
  1. Jeroen Hinloopen
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Hinloopen, J. The Market for Knowledge Brokers. Small Business Economics 22, 407–415 (2004). https://doi.org/10.1023/B:SBEJ.0000022210.10016.28

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/B:SBEJ.0000022210.10016.28

Keywords

Search

Navigation