Aims

At the end of the course, students should understand

1. what sets innovation markets apart from other markets,

2. why markets often fail when it comes to produce information and knowledge,

3. why and how governments should intervene in such markets, and

4. how all of these elements shape firms’ strategies regarding innovation.

Students should also be able to use the economic analysis in order to improve their understanding of a number of topical issues (e.g., piracy of digital goods, open-source software, ‘patent trolls’, open innovation practices, etc).