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Stephen Martin

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Viktor J. Vanberg

This important research review discusses some of the most celebrated and classical literature in the field of choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. A premise that is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the subject’s founding literature as well as the more contemporary pieces, which have sparked further discussion in the field. This review promises to be valuable to researchers and scholars alike as well as to those gravitating towards this fascinating topic.
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Stephen Martin

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Stephen Martin

The powerful theorems of welfare economics operate under a range of assumptions. Two of the most significant are the existence of competitive markets for all goods and services – including futures markets – and the unbounded rationality of all economic agents who act independently to maximize payoffs. In the contributions discussed in this research review, economists come to grips with the consequences of markets falling short of assumptions, as well as the response of institutions to observed market characteristics. This comprehensive study will be of interest to economists and policymakers who wish to understand the strengths and limitations of the market mechanism of resource allocation.
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Stephen Martin

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Edited by Attila Varga and Katalin Erdős

The Handbook on Universities and Regional Development offers a comprehensive and up-to-date insight into how academic institutions spur their surroundings. The volume sheds light on universities as regional development actors from a historical perspective by introducing institutional changes and discussing the interrelatedness of society, business and academia. It provides detailed investigations on various knowledge transfer mechanisms to help understand the diverse ways through which ideas and intellectual property can flow between universities and businesses. Detailed case studies from three continents (Europe, Asia, and America) demonstrate the highly contextual nature of the interactions between academia, industry and government.
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Katalin Erdős and Attila Varga

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Harvey Goldstein, Verena Radinger-Peer and Sabine Sedlacek

Research universities fill a variety of roles within contemporary society (Goldstein et al., 1995). Arguably the most important role has been providing advanced education to a segment of the population so that they have the requisite know-how to enter the professions. A second has been to generate knowledge through research that leads to scientific progress over time and indirectly often leads to productivity growth in the economy. These have been the traditional missions of research universities since their founding in the late nineteenth century.

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Yuzhuo Cai, Po Yang and Anu Lyytinen

The literature on the role of universities in regional innovation systems mainly deals with research universities, for example, with an emphasis on knowledge transfer (Anatan, 2015). This is also the case in the Chinese context (Cai, 2018). In recent years, the importance of non-research universities in regional development and innovation has been increasingly recognized (Taylor et al., 2008). Among a small volume of studies exploring the role of universities of applied science (UASs), or non research universities, in the process of regional innovation, a constant challenge has been that of applying appropriate theoretical or analytical frameworks. Currently, most studies in this field apply theoretical insights originally developed for under standing the relationship between research universities and regional innovation systems. The most commonly used frameworks are, for instance, the Triple Helix model (Etzkowitz, 2008; Etzkowitz and Leydesdorff, 1995, 1997) for analysing the UASs and industry links (Yang et al., 2016), and the ‘five pathways to an entrepreneurial university’ (Clark, 1998) for understanding the organizational responses of UASs to the emerging demands of regional development (Lyytinen, 2011).

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Edited by Silvia Grandi, Christian Sellar and Juvaria Jafri