Business R&D and the Interplay of R&D Subsidies and Market Uncertainty

The literature suggests that public research and development (R&D) subsidies mayreduce market failures affecting private R&D investment caused by incompleteappropriability of knowledge and financial constraints due capital marketimperfections. Drawing on the theory of investment under uncertainty, this paperargues that public R&D subsidies increase business R&D investment through anadditional mechanism - mitigating the effects of market uncertainty on R&Dinvestment in markets for new products...

MoreLess

Year of publication:	2006-05-01
Authors:	Czarnitzki, Dirk ; Toole, Andrew A.
Institutions:	Zentrum für Europäische Wirtschaftsforschung <Mannheim>
Subject:	Kapitalmarkt \| Forschung und Entwicklung \| Investition \| investition \| Subvention \| Unsicherheit

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	153600 bytes 22 p. application/pdf
Series:	Zentrum für Europäische Wirtschaftsforschung Mannheim - Discussion Papers Discussion Paper ; No. 06-055
Type of publication:	Book / Working Paper
Language:	English
Classification:	C25 - Discrete Regression and Qualitative Choice Models ; O31 - Innovation and Invention: Processes and Incentives ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; Specific management methods ; Financial theory ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005862626