Economic Prescriptions for Developing the Regulated Industries

Cover Economic Prescriptions for Developing the Regulated Industries
Economic Prescriptions for Developing the Regulated Industries
Paul W Macavoy
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How should the development programs be organized, and what are the sources and amounts of required ex- penditures?
The answers so far have been provided by the electrical equip- ment manufacturers, the Atomic Energy Commission, and Bell Laboratories. They have provided the funds and done the work themselves. This state of affairs raises more questions than it answers. Are these organiza- tions the right size and do they have the maturation for making de- cisions on the relative efficiency of al
...ternative development projects? Should the development of each of these new technologies become the responsibility of Goverment, or industry consortia, or only of certain private companies, on grounds that goals will be reached sooner, and at lower costs?
11 The answers are a matter of extensive research, and the infor- mation required for this research has not been made available by those now involved in development projects. The information required is quite specific to the economics of parallel research.


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