Innovation Policy and the Economy, Volume 17.

• Position: NBER Books

Edited by Shane Greenstein, Josh Lerner, and Scott Stern The University of Chicago Press, 2017 $60 (cloth)

The 17th volume of Innovation Policy and the Economy provides an accessible forum for bringing the work of leading academic researchers to an audience of policy makers and those interested in the interaction between public policy and innovation. In the first chapter, Joel Waldfogel discusses how reduced costs of production have resulted in a "Golden Age of Television," arguing that this development has gone underappreciated. The second chapter, by Marc Rysman and Scott Schuh, discusses the prospects for innovation in payment systems, including mobile payments, faster payment systems, and digital currencies. In the third chapter, Catherine Tucker and Amalia Miller analyze the consequences of patient data becoming virtually...