Gross, Daniel P.; Sampat, Bhaven N. - 2021
-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the … objectives of crisis R&D are different than ordinary R&D (prioritizing speed, coordination, redundancy, and more), we argue that … appropriate R&D policy in a crisis requires going beyond the standard Nelson-Arrow framework for research policy …