OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
Efficient R&D subsidies target the technology fields where innovation generates valu-
able knowledge spillovers. To quantify potential efficiency gains, we infer field-specific
subsidy return rates from patent data by combining new measures for innovations’
private and spillover values with structural estimates of the idea value distribution
and innovation costs. Within-country returns from optimally targeted subsidies are
at least 40% higher than returns from non-discriminating policies. Coordinating
field-specific subsidies across OECD countries yields a further 30% higher returns.
Hence, solving information and coordination problems related to industrial policy for
innovation could lead to large welfare gains.
