How to get Better Innovation by Opening up R&D Procurement: Evidence from the US Air Force
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Military necessity has been the mother of innovation since antiquity. During the Roman attack on Syracuse in 214 BC, Archimedes invented the “Iron Hand”, a crane to drag enemy ships out of the sea. More recently, U.S. Department of Defense (DoD) investments have been responsible for nuclear power, microwave heating, GPS and the Internet. However, […] The post How to get Better Innovation by Opening up R&D Procurement: Evidence from the US Air Force appeared first on Microeconomic Insights .