John Troy Scott

Academic Appointments

Professor of Economics, Emeritus

I do research in the areas of industrial organization and the economics of technological change. My work on the latter has been supported by the National Institute of Standards and Technology, the National Science Foundation, the National Research Council of the National Academies, the World Bank, the United Nations Development Programme, and the Organization for Economic Co-operation and Development.

A.B. University of North Carolina at Chapel Hill 1969
Ph.D. Harvard University 1976

Selected Publications

"Government Royalties on Sales of Pharmaceutical and Other Biomedical Products Developed with Substantial Public Funding: Illustrated with the Technology Transfer of the Drug-Eluting Coronary Stent", with Robert S. Danziger, Annals of Science and Technology Policy: Vol. 6: No. 1, online version, September 8, 2021, pp. 1-99; print/paper version, 2022, pp. 1-104.

“Foreign Patents for the Technology Transfer from Laboratories of U.S. Federal Agencies”, with David P. Leech, Journal of Technology Transfer, forthcoming,

“Technological Change in the Production of New Scientific Knowledge: A Second Look”, with Albert N. Link, Economics of Innovation and New Technology, Vol. 30, No. 4 (2021), pp. 371-381.

“Scientific Publications at U.S. Federal Research Laboratories”, with Albert N. Link, Scientometrics, Vol. 126, Issue 3 (March 2021), pp. 2227-2248.

“Invention Disclosures and the Slowdown of Scientific Knowledge”, with Albert N. Link, Science and Public Policy, Oxford University Press, Vol. 47, No. 6 (December 2020), pp. 829-833.

 “Propensity to Patent and Firm Size for Small R&D-Intensive Firms”, with Albert N. Link, Review of Industrial Organization, Vol. 52, No. 4 (June 2018), pp. 561-587.

“Commercial Complexity and Entrepreneurial Finance”, with Troy J. Scott and Albert N. Link, Economics of Innovation and New Technology, Vol. 26, No. 5 (2017), pp. 489-500.

“The Entrepreneur’s Idea and Outside Finance: Theory and Evidence about Entrepreneurial Roles,” with Troy J. Scott, European Economic Review, Vol. 86 (July 2016), pp. 118-130. 

“Standards and Innovation: US Public/Private Partnerships to Support Technology-based Economic Growth", with Troy J. Scott, Economics of Innovation and New Technology, Vol. 24, No. 5 (July 2015), pp. 457-489.

“Innovation Rivalry: Theory and Empirics", with Troy J. Scott, Economia e Politica Industriale-Journal of Industrial and Business Economics, Vol. 41, No. 1 (March 2014), pp. 25-53.

“Creativity for Invention Insights: Corporate Strategies and Opportunities for Public Entrepreneurship”, Economia e Politica Industriale-Journal of Industrial and Business Economics, Vol. 43, No. 4 (December 2016), pp. 409-448.

“Public R&D Subsidies, Outside Private Support, and Employment Growth", with Albert N. Link, Economics of Innovation and New Technology, Vol. 22, No. 6 (2013), pp. 537-550.

Employment Growth from Public Support of Innovation in Small Firms, with Albert N. Link (W. E. Upjohn Institute for Employment Research, 2012).

Public Goods, Public Gains: Calculating the Social Benefits of Public R&D, with Albert N. Link (Oxford University Press, 2011).

“Government as Entrepreneur: Evaluating the Commercialization Success of SBIR Projects”, with Albert N. Link, Research Policy, Vol. 39, No. 5 (June 2010), pp. 589-601. 

“Competition in Research and Development: A Theory for Contradictory Predictions", Review of Industrial Organization, Vol. 34, No. 2 (March 2009), pp. 153-171.

“Private Investor Participation and Commercialization Rates for Government-sponsored Research and Development:  Would a Prediction Market Improve the Performance of the SBIR Programme?”, with Albert N. Link, Economica, Vol. 76, No. 302 (April 2009), pp. 264-281.

“The National Cooperative Research and Production Act,” and “Multimarket Contact", in Issues in Competition Law and Policy, Vol. II, Wayne D. Collins, ed. (American Bar Association, 2008), pp. 1297-1317, 1553-1573.

“Universities as Research Partners", with Bronwyn H. Hall and Albert N. Link, Review of Economics and Statistics, Vol. 85, No. 2 (May 2003), pp. 485-491.

Purposive Diversification and Economic Performance (Cambridge University Press, 1993 and 2005).

Market Structure and Technological Change, with William L. Baldwin (Harwood Academic Publishers, 1987; Routledge, 2001; Taylor & Francis eBooks, 2013; paper, Routledge, Taylor & Francis Group, 2014).

"Beyond Firm and Industry Effects on Profitability in Imperfect Markets", with George Pascoe, Review of Economics and Statistics, Vol. 68, No. 2 (May 1986), pp. 284-292.

"Firm Versus Industry Variability in R&D Intensity", in R&D, Patents, and Productivity, ed. Zvi Griliches, chapter 10, pp. 233-245 (Chicago:  University of Chicago Press for the National Bureau of Economic Research, 1984).

“Multimarket Contact and Economic Performance", Review of Economics and Statistics, Vol. 64, No. 3 (August 1982), pp. 368-375.

"Scale Economies in Research and Development: the Schumpeterian Hypothesis", with Meir G. Kohn, Journal of Industrial Economics, Vol. 30, No. 3 (March 1982), pp. 239-249.

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