The efficient achievement of rapid technological progress: a major new problem in public finance.

Expert InsightsPublished 1965

An analysis of the R&D process focusing on programs designed to produce new products with significant performance advantages over existing ones. The R&D process is described qualitatively in terms of concepts and relationships. Characteristics of an efficient R&D policy which seem to be consistent with the qualitative description are presented.

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The efficient achievement of rapid technological progress: a major new problem in public finance. Santa Monica, CA: RAND Corporation, 1965. https://www.rand.org/pubs/papers/P3286.html.
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