
Article
The market for knowledge brokers
Small Business Economics
(2004)
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.
Disciplines
Publication Date
June, 2004
Citation Information
Jeroen Hinloopen. "The market for knowledge brokers" Small Business Economics Vol. 22 Iss. 5 (2004) p. 407 - 415 ISSN: 0921-898X Available at: http://works.bepress.com/hinloopen/21/