Technology Policy Analysis
Today, governmental agencies, such as the National Science Foundation and the National Institute of Standards & Technology, and non-profit entities support a significant portion of the research and development initiative undertaken in the U.S. to further the collective base of scientific knowledge. Economists generally agree that research produces basic knowledge and that this basic research is a public good. As a result, investment in these activities would be suboptimal without direct intervention from the public and non-profit sectors. The question becomes then how to create, select, and implement science and technology policies that increase the knowledge base but also that offer a social return, such as productivity gains, creation of new markets, or improvements in health and well-being.
We offer our clients in-depth analysis of pre-existing and proposed science and technology policy initiatives. Understanding that the best policy decisions strike a middle ground between research and commercialization, we assist policy-makers by examining the impact of governmental action on the development and diffusion of technology, on the creation and growth of individual businesses and industries, and the welfare of consumers.
We use our extensive knowledge in the field of technological change, innovation, and diffusion to evaluate outcomes from the implementation of technology policies. By leveraging our industry experience and connections with academia, our policy analyses reflect current industry trends and issues.
Types of Studies
Among other areas, we evaluate the potential benefits and costs of various types of government actions:
- Future economic benefits of standards setting and infrastructure initiatives
- Programs to encourage the adoption of new technologies and products
- Funding support for high-risk technology development
- Changes in the regulatory structure of public utilities
- Compliance costs, one-time and ongoing, for proposed regulations