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Selecting Innovation Funding Mechanisms: A Framework for Policymakers

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NBER2026-08-01 更新2026-08-07 收录
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The U.S. federal government spends roughly $150 billion a year on research and development through mechanisms ranging from grants and contracts to prizes, advance market commitments, and tax credits. These funding mechanisms differ markedly in risk allocation, decision authority, and incentive power

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2026-08-01
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