August 16, 2022 | News

Technology | Academics | Policy (TAP) features a paper by Professors Daniel Spulber, Northwestern University, and Pere Arque´-Castells, University of Groningen, establishing the importance of markets for technology for innovation. TAP discusses how the paper “Measuring the Private and Social Returns to R&D: Unintended Spillovers versus Technology Markets” shows that some of the external benefits of R&D are transmitted through markets for technology.

TAP is a Microsoft-sponsored forum for academics leading the dialogue on the impact of technological innovation.

The views expressed in this article are solely those of the authors, who are responsible for the content, and do not necessarily represent the views of Vega Economics. For more information about Prof. Spulber, please email

The full TAP feature is available for download below.     


 TAP-The Importance of Markets for Technology for Innovation – New Study by Daniel Spulber and Pere Arque'-Castells