Government money and research are responsible for many American technological achievements. While R&D exhibits classic market failures, meaning the private sector probably will not invest enough on its own to maximize social welfare, the key question is how the government should best allocate its R&D efforts to fill that gap. If the government spends too little, society may miss out on crucial, welfare-enhancing innovations. If government R&D spending focuses on the wrong areas, it can crowd out private spending and fail to move us towards the optimal level of combined spending or, worse, prevent other innovation. The U.S. Innovation and Competition Act, recently passed by the Senate, means the government may soon have more resources to allocate. This panel will discuss how best to allocate resources to get the biggest returns on government R&D support.Speakers on this panel include:
- Ashish Arora, Senior Associate Dean for Strategy and Rex D. Adams Professor of Business Administration, Fuqua School of Business, Duke University
- Linda Cohen, Professor of Economics and Law, University of California, Irvine School of Law
- Kaye Husbands Fealing, Dean, Ivan Allen College of Liberal Arts, Georgia Institute of Technology
- Prem Natarjan, Vice President, Alexa AI and Head of Natural Language Understanding, Amazon
- Scott Wallsten (moderator), President and Senior Fellow, Technology Policy Institute
Early bird registration is open! Register now to reserve your spot before prices increase on July 1st. TPI Aspen Forum will be held in person at the St. Regis Aspen Resort from August 15-17, 2021. Vaccination is required for attendance, and mask guidelines will be set by the hotel. We look forward to seeing you all there and sharing a drink or two.For Additional Information:Jane Creel, 202-828-4405, [email protected]Press Contact for Complimentary Registration:Lindsay Poss, [email protected]The Technology Policy InstituteThe Technology Policy Institute is a non-profit research and educational organization that focuses on the economics of innovation, technological change, and related regulation in the United States and around the world. More information is available at http://www.techpolicyinstitute.org/.