nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2008‒07‒20
two papers chosen by
Arvi Kuura
Parnu College - Tartu University

  1. Public R&D Funding and Entrepreneurial Innovation By Heli Koski
  2. Auctioning Wind Power Sites when Environmental Quality Matters By Gervasio Ciaccia; Nicola Doni; Fulvio Fontini

  1. By: Heli Koski
    Abstract: ABSTRACT : This study does not find any significant direct relationship between the public R&D funding and the firms` innovation output. The firms obtaining the public R&D support were not performing significantly better, on average, than others. However, we find evidence that the public R&D finance has substantially influenced the innovation output of the firms that have undertaken certain types of innovations activities. Particularly, public funding targeted to the firms focusing on new business areas in their R&D projects seems successful. Certain types of collaboration seem to also generate better entrepreneurial performance in terms of innovation. Those large firms that have more intensively collaborated with the SMS firm partners in their publicly funded R&D projects have filed more patent applications than other companies.
    Keywords: innovation, public R&D subsidies, technology policy
    JEL: L10 O33 O38
    Date: 2008–07–07
  2. By: Gervasio Ciaccia (Italian Authority for Electricity and Gas (AEEG) and Sapienza University of Rome); Nicola Doni (University of Florence); Fulvio Fontini (University of Padua)
    Abstract: In this work we frame within auction theory an index that allows to order different projects for the construction of onshore wind energy plants and that explicitly takes into account their environmental quality. Wind farm projects are defined as vectors of attributes, encompassed in four categories: the technical properties of each project; its social impact; its environmental impact and the share of earnings that proponents offer to the collectivity in compensation for the negative externalities of the wind plant. We define an absolute index that allows to order different proposals and evaluate the acceptability of each project, providing the monetary value of each point and inducing a truthful revelation of firms' private information. Moreover, we calibrate the index, on the basis of a representative project and derive the corresponding iso-scoring curves.
    Keywords: Renewable Energy, Wind Power, Scoring Rule, Environmental Externalities
    JEL: Q42 Q58 D4
    Date: 2008

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