Final answer:
Traditional technology transfer and the creation and dissemination of knowledge face issues such as underinvestment by the private sector and positive externalities. The triple helix model of university-industry-government cooperation can address these uncertainties.
Step-by-step explanation:
Traditional technology transfer and the creation and dissemination of knowledge face several current issues. One issue is the underinvestment by the private sector in new technologies. Private companies may be hesitant to invest in new technology due to the risks involved and the uncertainty of returns on investment. Another issue is the positive externalities of new technology, which are benefits that accrue to society as a whole but may not be fully recognized or captured by private firms. This can lead to market failures where the private sector fails to provide certain goods efficiently, and government intervention may be necessary.
The triple helix model of university-industry-government cooperation plays a role in addressing these uncertainties. In this model, collaboration between universities, industry, and government aims to promote innovation and technology transfer. Universities contribute to knowledge creation through research, industry provides the resources and expertise for commercialization, and government supports the ecosystem through policies and funding. By working together, these three entities can navigate the uncertainties associated with new technology and enhance the transfer and dissemination of knowledge.