Please use this identifier to cite or link to this item:
Pyka, Andreas
Year of Publication: 
Series/Report no.: 
FZID discussion papers 35-2011
Innovation policy is in need for a rational which allows the design and evaluation of policy instruments. In economic policy traditionally the focus is on market failures and efficiency measures are used to decide whether policy should intervene and which instrument should be applied. In innovation policy this rational cannot meaningfully be applied because of the uncertain and open character of innovation processes. Uncertainty is not a market failure and cannot be repaired. Inevitably policy makers are subject to failure and their goals are to be considered as much more modest compared to the achievement of a social optimum. Instead of optimal innovation, the avoidance of evolutionary inefficiencies becomes the centrepiece of innovation policy making. Superimposed to the several sources of evolutionary inefficiencies are socalled network inefficiencies. Because of the widespread organisation of innovation in innovation networks, the network structures and dynamics give useful hints for innovation policy, where and when to intervene.
innovation policy
innovation networks
exploration and exploitation
evolutionary inefficiencies
policy rational
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
337.11 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.